Misty on Nostr: The IRS is always going to tax Bitcoin in the value of fiat money, never the value of ...
The IRS is always going to tax Bitcoin in the value of fiat money, never the value of Bitcoin.
Everything gets cheaper with Bitcoin, which means any revenues you earn in Bitcoin, should also be taxed (if at all) at a much lower rate. Microsats, really.
This means as Bitcoin becomes worth more in fiat numbers, the higher the taxes that will be owed on goods and services as long as it's valued in fiat denominations.
I think I have an idea. I need to let it percolate for a bit.
Everything gets cheaper with Bitcoin, which means any revenues you earn in Bitcoin, should also be taxed (if at all) at a much lower rate. Microsats, really.
This means as Bitcoin becomes worth more in fiat numbers, the higher the taxes that will be owed on goods and services as long as it's valued in fiat denominations.
I think I have an idea. I need to let it percolate for a bit.