Quote from: Conus on December 16, 2016, 02:14:30 AM

Quote from: aardvark15 on December 16, 2016, 02:01:36 AM

The wealthy already avoid many taxes. I don't think Bitcoin will make that much difference in tax avoidance. Taxes will still be collected on purchases at regular business and possibly when cashing out Bitcoin.

The wealthy avoid taxes legally through the loopholes in the system. Bitcoin is a whole different ball game and there soon will be a team paid by the government to track bitcoin usage to be sure no one can avoid taxes using bitcoin. I am not sure how they will do it, but I am sure they are working on it already.

Government will do all things just to tax us, now that the community is growing and the economy is improving the government will surely see this as a big potential for tax collection that can help a nation to progress as well.