“In this world nothing can be said to be certain, except death and taxes.”
No doubt, many aspects of the bitcoin phenomenon would astound Benjamin Franklin if he were alive today. (Though perhaps not as many as you might expect. He did help architect the new republic’s original alternative cash, Continental Currency.) But the inability of bitcoin to escape tax liability clearly wouldn’t have surprised the founding father a bit!
Anyone inquiring into the prospect of accepting bitcoin payments will also find the taxation issue inescapable. Two questions are... (more)
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