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If you are making taxable transactions, that is for you to deal with the appropriate authorities. Putting entries in the block chain is not a taxable transacti
by jsprogrammer 11y ago
If you are making taxable transactions, that is for you to deal with the appropriate authorities.
Putting entries in the block chain is not a taxable transaction anywhere that I am aware of, except that you may need to add an allotment for the miner to process your transaction.
- icebraining 11y agoThat's like saying "signing a paper is not a taxable transaction" - if that paper is a transfer of property, it probably is a taxable event, and so would the entry in the blockchain probably be, if it's between address owned by different people.
- jsprogrammer 11y agoYes, if, probably. I never made that assumption, but many people here seem to have.
- icebraining 11y agoYou made a categorical statement - "putting entries in the block chain is not a taxable transaction. As far as we can tell, that's wrong. It'd be different had you written "putting entries in the block chain isn't always a taxable transaction".
- jsprogrammer 11y agoWhat, specifically, is wrong about it? Taxes may apply to actual exchanges of goods and/or services, but there is no tax, save the "optional" miner fee, on making an entry in the blockchain.