Post
Topic
Board Bitcoin Discussion
Re: I Love Buying From Bitcoin-Accepting Merchants, But...
by
dogechode
on 17/04/2014, 03:07:11 UTC
The best solution imo that would benefit both and reduce volatility/loss risk on the merchant side would be if the IRS was smart enough to tax bitcoin in btc as opposed to property/fiat tax.

But that step I believe is too early as doing so will effectively legitimize btc as a currency, which is something the IRS wouldn't do anytime in the near future.

That would be awesome - but I think before they would even consider it, there would have to be businesses that were conducting a large part of their operation entirely in bitcoin. Like paying staff in btc, holding btc instead of a cash or credit line reserve, etc.