Does paying your state taxes in Bitcoin count as a taxable transaction since the government incorrectly classified crypto as a commodity, which gets taxed every time it changes hands, instead of as currency, which doesn't? https://t.co/eTbN9cfVg7
Andrew "Not cool enough for an ETH scam" Glidden - @asglidden2 months ago
RT @prestonjbyrne: Attendant "yo dawg" meme:
"Yo dawg, I heard you like paying taxes, so I'll let you realize gains when you pay taxes so you can increase your tax liability by paying taxes." https://t.co/jTZhOMBv6S
According to a report from The Wall Street Journal on Sunday, starting this week, companies in the state will be able to pay a variety of taxes, from tobacco sales tax to employee withholding tax to public utilities tax with the cryptocurrency.
All tax payments will be processed by Atlanta-based bitcoin payments processor BitPay, which will convert bitcoins to dollars for the Treasurer’s office.