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Topic: 2013-04-25 What an Internet Sales Tax Could Mean for Your Bitcoin Stash (Read 1120 times)

legendary
Activity: 1148
Merit: 1001
http://news.yahoo.com/internet-sales-tax-could-mean-bitcoin-stash-141540407--politics.html

I especially like this quote towards the end:  "Such a loophole would be a good reason for retailers and consumers alike to start flocking to bitcoins. It’s not clear what Congress could do to close the loop. If it tried, it would probably have to mention virtual currencies explicitly in the legislation, perhaps by setting a single national sales tax for all bitcoin-based purchases. Ironically, either outcome would likely help bitcoin gain, er, currency."

Time to buy me some more BTC. Wink  Buy and hold and see what happens is the strategy we have been taking.
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