Post
Topic
Board Legal
Re: THERE IS NO TAX and there NEVER be any Tax on Bitcoin
by
empoweoqwj
on 02/02/2014, 03:17:00 UTC
Here is how Bitcoin could be taxed:

The tax office gives a sheet of paper to every merchant that uses Bitcoin and asks them to write down the amount of Bitcoins they received. Then the tax office decides how much taxes they should pay and asks them to transfer the appropriate amount to the Bitcoin address of the tax office.

Tax offices deal in their sovereign fiat - they won't have bitcoin wallets, or litecoin wallets, or dogecoin wallets - funny as that might be Wink