0 sats \ 1 reply \ @earnbitcoin OP 20 May 2022 \ parent \ on: Ask SN: How to describe "earning in bitcoin" versus simply being "paid in bitcoin"? bitcoin
I'm not sure I follow. Are you referring to the bitcoin component being "off the books" (like how some pay "under the table" in cash?)
Because otherwise, even if bitcoin-denominated, the employer still needs to do compute the fiat value for determining the income tax withholding, and unemployment tax, and Social security, and such.
Oh,... I just realized something. Agreeing to pay a Bitcoin-denominated salary can really make things complicated for doing this with a W-2 employee. In addition to paying the salary the employer also has an employer paid-taxes, for social security and medicare, as well as unemployment taxes. So if the BTC/USD exchange rate rises, the employer's tax payment will rise as well. The employer not only needs to hedge for the salary but for the resultant employer-paid taxes as well!!
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