Are you in support of paying your taxes in Bitcoin?

[potzpotz]

Recently, Georgia is trying to pass a bill allowing payment of taxes in Bitcoin.

Bill GA-SB464 ?requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.?
This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies.

For more info on Georgia's stance, see https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/

But do you think paying your taxes in Bitcoin will be a good thing for Bitcoin? Or is it another way the government is trying to take our Bitcoin?

Yes I'm in full support of paying taxes for bitcoin because as a  citizen of my own country it is my obligations to pay taxes

[andrew1carlssin]

Recently, Georgia is trying to pass a bill allowing payment of taxes in Bitcoin.

Bill GA-SB464 ?requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.?
This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies.

For more info on Georgia's stance, see https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/

But do you think paying your taxes in Bitcoin will be a good thing for Bitcoin? Or is it another way the government is trying to take our Bitcoin?

Yes I'm in full support of paying taxes for bitcoin because as a  citizen of my own country it is my obligations to pay taxes

sorry about my question ... but what country you own ? I even don't have my own micro-nation yet ...

[felipe04]

Recently, Georgia is trying to pass a bill allowing payment of taxes in Bitcoin.

Bill GA-SB464 ?requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.?
This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies.

For more info on Georgia's stance, see https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/

But do you think paying your taxes in Bitcoin will be a good thing for Bitcoin? Or is it another way the government is trying to take our Bitcoin?

for me tax is good but this is already good by now so there's no need about that

actually here in my country we need permit to run a business here in crypto so we pay some tax already by that

Business man will pay tax if they earn but if they not of course they will leave crypto and also users of it so this is good and this is bad too

[allycn]

As much as I think it is great the government recognizes bitcoin as a payment method, if I earn in USD why would I pay them in BTC? I would prefer to pay them in the same currency I get paid in because if you pay with crypto I feel it is a way for them to know you are trading or have a different source of income and will next want to tax you on that.

[bryan21]

Yes I support paying tax in Bitcoin, because I believe if we paid tax is mean that country already trust, legalized and regulation bitcoin. And use bitcoin for transactions in big company. Bitcoin will grow faster in that country.

[yyui]

Recently, Georgia is trying to pass a bill allowing payment of taxes in Bitcoin.

Bill GA-SB464 ?requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.?
This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies.

For more info on Georgia's stance, see https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/

But do you think paying your taxes in Bitcoin will be a good thing for Bitcoin? Or is it another way the government is trying to take our Bitcoin?

Yes I'm in full support of paying taxes for bitcoin because as a  citizen of my own country it is my obligations to pay taxes

In the past year, most people who hold Bitcoins are making money from Bitcoin. Now that the Americans are ready to impose tax on Bitcoin, the IRS hopes to reduce bitcoin profits. With unprecedented gains and unprecedented law enforcement, this year will be a year in which tax collectors take seriously bitcoin revenues. This means that now you must ensure that everything you do is normal and that there are no tax evasion problems. I support bitcoin taxes.

[Mersterious]

in my own If Bitcoin can be used to pay taxes, it is very likely that Bitcoin will be legalized. The government opposes Bitcoin because Bitcoin does not pay taxes and damages their interests.

[Searing]

Not really a big fan of such in the usa ..but in my case

1) bank told SEC I was up to something in 2013 ..on basis all BTC was evil then (fun times) (cleared) as a result
    already on radar ..that boat sailed

2) If you ever want to spend your crypto for $$$ you need to pay taxes..or else if you go over too much...IRS will figure it out..thus
    my plan is AFTER TAXES my crypto is still worth more than enough for travel/trophy girlfriend/retirement/etc

But again, I was caught up in the gov't net a long time ago in 2013 and had to prove my bona fides to the powers that be..thus gonna always be a house cat
unable to run free in the crypto woods like others...neutered

[godrey123]

Recently, Georgia is trying to pass a bill allowing payment of taxes in Bitcoin.

Bill GA-SB464 ?requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.?
This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies.

For more info on Georgia's stance, see https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/

But do you think paying your taxes in Bitcoin will be a good thing for Bitcoin? Or is it another way the government is trying to take our Bitcoin?

personaly speaking, I would not pay my taxes in bitcoin. the transactiin fees that we pay ate already to big, and paying taxes will make the cut much bigger. But it is a good thing that in the US they will start accepting bitcoin as payment. With that more people will be more curious about bitcoin and they will ve involve in it.

[L00n3y]

Recently, Georgia is trying to pass a bill allowing payment of taxes in Bitcoin.

Bill GA-SB464 ?requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.?
This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies.

For more info on Georgia's stance, see https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/

But do you think paying your taxes in Bitcoin will be a good thing for Bitcoin? Or is it another way the government is trying to take our Bitcoin?

It is a very good news if governments do accept bitcoin to pay our taxes and it will be a start for bitcoin to go mainstream but i would not pay my taxes with bitcoin because it would be a way for government to slowly chip away my holdings.

[liamnorthcoins]

Personally I wouldn't pay my taxes in bitcoin. But it is a good news for the crypto community as a whole. Because if an US state start accepting bitcoin for any payments, it will make bitcoin legal tender in that state. Bitcoin will also receive free promotion which may make a lot of people intrigued about bitcoin which can significantly boost the adoption rate.

This is the government trying to get hold of bitcoin.

I agree with you, i won't pay taxes for my bitcoin transaction because in the first place this is why i like bitcoin because it is decentralized and has no taxes involved no matter how big the transactions are.

Nevertheless, I think this has a good impact for bitcoin too on it's acceptance rate all over the world.

[garen21]

bitcoin users do not have to pay the tax rate because if this happens it will reduce the bitcoin users' income just how profitable investors are and they are investing little money out of their income and dropping the price of bitcoin they are losing.

[handsomes]

Actually I pro support of paying taxes if the bitcoin always good for my income and just equal for employees pay a taxes so my point I  agree for that.

[McPhillipX]

Ah, nobody said it so I'll be the first: taxation is theft 

Anyway, bitcoin is the most efficient currency in comparison to fiat, so I'd rather pay in bitcoin than fiat, yes.

[rockie87]

Recently, Georgia is trying to pass a bill allowing payment of taxes in Bitcoin.

Bill GA-SB464 ?requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.?
This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies.

For more info on Georgia's stance, see https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/

But do you think paying your taxes in Bitcoin will be a good thing for Bitcoin? Or is it another way the government is trying to take our Bitcoin?

If you want bitcoin to be legalised in every state than paying tax is the only way you can achieve it.Every individual,Who is earning money from whichever sources has to pay tax for their income and that is the way every country's financial system works.And I am totally in support of paying taxes in bitcoin.  

[Doge dealer]

definitely i am in support of this move , because what this really is is an indication from the government that they are now recognizing the legitimacy of bitcoins . Paying our taxes in bitcoins is the same as paying in cash , the only difference is bitcoins provides ease of transaction.

[BitChief]

Actually I pro support of paying taxes if the bitcoin always good for my income and just equal for employees pay a taxes so my point I  agree for that.

Yeah I agree, plus for money crypto businesses this will make things much simpler. You could essentially write smart contracts to pay employees taxes and corporate taxes, which would be a far more efficient process and easier for employers.

[IMMBAGGA]

If I have to pay taxes I have to pay it from my savings and if I pay it via bitcoin what is the difference then.  I pay fiat or BTC just my money going away so no difference.

[rabit2018]

Thanks Georgia for good step about bitcoin. It's a very good sign to bitcoin. And I am also support this to pay tax with bitcoin.

[target]

The total amount of BTC is just 21M less those were lost forever. If we start to pay taxes in bitcoin, it will be less than 5 years and all the btc will belong to them. How is this going to be decentralize? Its not going to be the best option, lets just use the money they create after all the government created those fiat money and so they shall accept it unless they completely banish those fiat as well.