6 years ago
5
Georgia Looks To Join Arizona In Accepting Bitcoin For Tax Payment.
State senators in Georgia have proposed a bill similar to Arizona’s, allowing people to pay their 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. Although the bill allows for payment in cryptocurrencies, the government will convert it back into fiat within 24 hours. The tax agency will then credit the payer with the amount of fiat they converted for.
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Seem to me that paying a government agency with bitcoin would forever remove any semblance of anonymity.
'Now that we have NotWearingPants' wallet info, let's see if he ever bought anything off of Silk Road' as well as 'Lets see if he's been declaring gains and losses on his taxes'.
Maybe I'm just paranoid.
It's easy to use different wallets for different things. ;-)
Sure, for the educated, and wary. Since crypto became 'cool", there are a lot of people who treat a wallet like a checking account.
Or like the cool way to pay. Wallet is digital payment.
Darwin. ;-)