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The government can tax Bitcoin too. If somehow the USD went to shit they could even make you pay it in BTC, unless you felt you were able to hide your identity
by mpyne 13y ago
The government can tax Bitcoin too.
If somehow the USD went to shit they could even make you pay it in BTC, unless you felt you were able to hide your identity, but we have people paid only in cash play that game already without serious detriment to government power.
- MattyRad 13y agoCould you elaborate on how the government would be able to tax Bitcoin? As I understand, since the government can't see your n number of wallets, all of which are probably anonymous, they would have no idea how much tax you owe.
- mcguire 13y agoAs you to fill out a form declaring how much you earned, determine that you are falsifying that form based on information provided by your transactions' counter-parties, then put you in prison. See Al Capone. Is this a trick question?