Post
Topic
Board Speculation
Re: Government banning bitcoin??
by
myrkul
on 28/04/2013, 16:46:59 UTC
Can someone explain, in small, grampa-compatible words, why is bitcoin un-taxeable?

Give me your bitcoins.

See, if it were dollars, I could just reach into your bank account or your mattress, or wherever you keep them, and take them. Can't do that with bitcoins.

Yes, taxes can be levied on BTC, you can even pay them. But it's voluntary.

That changes the whole game.