Post
Topic
Board Legal
Topic OP
Bitcoin and Sales tax
by
VOR
on 17/02/2015, 20:46:23 UTC
Say BTC does gain mainstream acceptance, and your girlfriend starts buying her $18 dollar lattes in starbucks using bitcoin.  They have to charge sales tax on that transaction.  There is a finite number of bitcoins.  If they hoard them and spend fiat, on a long enough timeline, all the bitcoins will end up in hands of the tax collectors.  what then?