3 ms·

Can people pay there taxes in bitcoins ? ( it's a question).

• napoleond 14y ago
  Of course not. I couldn't use USD to pay my taxes either, because I'm Canadian. I could earn money in any currency I choose, including BTC, and exchange them for any other currency I choose, including USD or CAD. Why does the currency any given person pays their taxes in matter?
  • URSpider94 14y ago
    Not sure if this is true in Canada, but in the US at least, employers are required to pay you in USD (at least up to the minimum wage). And, if someone offers to pay you in CND for your work in Canada, you can't refuse them, even if you'd rather be paid in BTC. Sure, you can exchange USD, CND and BTC as much as you wish, but the point is that, within Canada, you can be certain that you can always pay and be paid in CND -- which can't be said for any other currency.
    • napoleond 14y ago
      My business can accept any currency I want it to. It's true that if I had employees I would have to pay them in local currency. I'm not sure how any of this is relevant to BTC's "relevance" as a currency--it doesn't need the support of a nation-state for it to be a valuable medium of exchange.
  • celticninja 14y ago
    indirectly you could, if the IRS partnered with BitPay you could pay in BTC and BitPay would send the IRS USD to their bank account. You would still pay in BTC but they get paid in USD.
• deleted 14y ago
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