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You need to have paid taxes on the USD you use to pay taxes, too. Just saying.
by bitxbitxbitcoin 8y ago
You need to have paid taxes on the USD you use to pay taxes, too. Just saying.
- ucaetano 8y agoNot really. Paying the taxes with USD doesn't generate a taxable event. Paying with Bitcoin does. Sure, you could say "Technically, you'd pay taxes on earning those USD...", but anything said after "technically" is irrelevant to the discussion.