LeBron James

Colorado’s governor just announced that the state will begin accepting BTC for taxes this summer.

In other words, trigger a taxable event in the process of paying your taxes.

OK, OK, so you only pay your taxes once a year or a few times a year. But one of the biggest problems with bitcoin is that every expenditure is a taxable event. Think of how complicated your tax returns would be if you paid all your bills with bitcoin.

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one of the biggest problems with bitcoin is that every expenditure is a taxable event.

Because bitcoin isn’t money.

No matter how many proponents claim it is money—it’s not.

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From BreckHutHigh, a very interesting and expansive blog post with many links to related links, etc.

Thought it merited reposting since I couldn’t recommend it again.
I thought I posted about once, already, but maybe some content was flagged for some reason?

https://blog.dshr.org/2022/02/ee380-talk.html

For info, it beat the Youtube hucksters with their flying coins!

Thanks for this.