112 sats \ 1 reply \ @NoCodeBitcoin OP 7 Feb \ parent \ on: If spending btc is a "taxable event", what's the future of these websites/apps? bitcoin
I perfectly get this, but I just don't see something replacing FB, IG or Twitter if it has "taxable event" issues for every engagement.
My point is more about the mass users, who might actually won't even know they are using btc.
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21 sats \ 0 replies \ @anon 8 Feb
You are just factually correct that it's a big deterrent. Way back roughly 10 years ago Bitcoin payments starting taking off but then crashed. Tax treatment was one of the big reasons. Remember when Stripe originally added bitcoin payments and it seemed like Bitpay was the next big thing? Well tax treatment was one big reasons (definitely not the only one, but a big one for sure) that largely disappeared.
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