Post
Topic
Board Bitcoin Discussion
Re: Are you in support of paying your taxes in Bitcoin?
by
player514
on 12/03/2018, 23:20:40 UTC
Recently, Georgia is trying to pass a bill allowing payment of taxes in Bitcoin.

Bill GA-SB464 ?requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.?
This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies.

For more info on Georgia's stance, see https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/

But do you think paying your taxes in Bitcoin will be a good thing for Bitcoin? Or is it another way the government is trying to take our Bitcoin?

I think paying taxes in Bitcoin is a good idea. As far as I use bitcoin, it's a side currency for me. I think it works out for me because I can keep more of my actual income and use bitcoin to pay my taxes if I want to. In a way, I do believe that the government is going for as much bitcoin as they can get, but I don't think that's a bad thing because we as the population still have the option on whether or not we want to use crypto to pay for our taxes or not. If we don't, we can just use normal currency.