The US government will do anything to make us pay taxes including recognizing bitcoin as a thing just to get money from us they are scum!!! It will get worse the higher bitcoin goes:
Arizona could become the first state in the United States, whose residents will soon be able to pay taxes with bitcoin and other cryptocurrencies. The relevant bill was passed by the state Senate this week, writes the Daily Express.
The global trend for buying cryptocurrencies seems to grow daily, however crypto investors in the U. The Internal Revenue Service IRS is trying its best to track taxes owed and cross-check records, but it is not receiving much support from American crypto holders.
Want to start trading cryptocurrencies!? You can buy fractions of coins!
All cryptocurrency trades in the US will be taxed starting Jan. Although trades between fiat currency and crypto have previously been taxed, the vast majority of trading which occurs between separate cryptocurrencies has flown under the radar.
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