"CrYpTo TrAnSaCtIoNs" Yes miss me with that shit, I don't need permissions from a bunch of crooks to use Bitcoin. All my Bitcoin transactions are tax free
Especially given bills rarely get repealed. In a few years with the resumption of an expanding money supply, it'll mean a heavy burden tax liability for anyone interacting on/with Bitcoin.
That said, good luck policing & enforcing this at scale, when $50 = $1.
"CrYpTo TrAnSaCtIoNs"
Yes miss me with that shit, I don't need permissions from a bunch of crooks to use Bitcoin. All my Bitcoin transactions are tax free
I feel you, but if you wish to live a peaceful existence it is best to pay your taxes.
Sure for FIAT transaction (while I try to limit my payments as much as I can) but for bitcoin? not a chance I'm not paying taxes
You do you homie.
Don't forget that we live in a world where every politician is for sale. (AKA lobbying)
This would make crypto de facto legal tender.
Fingers crossed this doesn't pass.
Especially given bills rarely get repealed. In a few years with the resumption of an expanding money supply, it'll mean a heavy burden tax liability for anyone interacting on/with Bitcoin.
That said, good luck policing & enforcing this at scale, when $50 = $1.
Its already (legally speaking) taxed. This bill just carves out an exemption. At best, all you're saying is it'll be of no impact.
Agreed. This ain't it. 🤣
Wasn't it originally $200? And maybe $600 before that? Disappointing to see