No Tax On Crypto Purchases — Texas Goes Big On Digital Assetswww.forbes.com/sites/digital-assets/2023/02/14/no-tax-on-crypto-purchases---texas-goes-big-on-digital-assets/?sh=718e2c7b1beb
38 sats \ 5 comments \ @sgtapple 14 Feb 2023 bitcoin
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0 sats \ 0 replies \ @cryptocoin 14 Feb 2023
Payments made in cryptocurrency at the point of sale would receive a two-year retail sales tax holiday.
With the state sales tax being 6.25%, that means those paying in bitcoin are buying at a 5.9% discount versus the price those who pay with cash or some other payment method.
That would definitely drive adoption of bitcoin.
It won't happen though, as there will be pressure to eliminate the sales tax entirely if only those not into bitcoin and other cryptocurrencies/cryptoassets are having to pay them.
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0 sats \ 0 replies \ @cryptocoin 14 Feb 2023
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read.
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0 sats \ 2 replies \ @OneOneSeven 14 Feb 2023
As it should be
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10 sats \ 1 reply \ @DarthCoin 14 Feb 2023
Why would you care? ... don't tell me you still pay taxes...
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21 sats \ 0 replies \ @OneOneSeven 14 Feb 2023
I have yet to ascend to DarthCoin levels of sovereignty but I'm working on it. And I have my three levels of my bitcoin stash so I guess I don't really give a damn what the government thinks or does, I am withdrawing from their shitty system. Ty for the guides.
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