Post
Topic
Board Economics
Re: Accepting Bitcoin for paying tax
by
SatoPrincess
on 10/04/2024, 08:11:23 UTC
Is it a bad thing or a good thing for the Bitcoin ecosystem ?

I can’t think of any positive effect on one’s business if the country accepts Bitcoin as taxes. Uncle Sam could use the data to identify individuals who have bitcoin investments and tax them for capital gains. I wouldn’t want to pay my taxes with Bitcoin or do anything that will allow the government link me to my Bitcoin investments, my country government is a cunning, they can be crypto friendly today and anti crypto the next day.