So I have a question: Isn't the state of Ohio going to want to know how you acquired those bitcoins you're paying your taxes with? Won't they wonder if you earned them through a sig campaign which you never reported in your tax filing? And stuff like that?
I know a lot of folks here are anti-tax and there are a lot of anti-government cryptoanarchists, and I fully respect that. I'm wondering if it's a good idea to pay your taxes with bitcoin. I'm kind of leaning toward it being kind of a setup.
I know a lot of folks here are anti-tax and there are a lot of anti-government cryptoanarchists, and I fully respect that. I'm wondering if it's a good idea to pay your taxes with bitcoin. I'm kind of leaning toward it being kind of a setup.
it may or may not be a setup, but it's definitely a bad idea to send them your coins---for multiple reasons. you'd be providing them really juicy personal data to analyze the blockchain with. and on top of it, you'd be spending coins where you should be spending fiat.
It's a nice way for the government to sc00p d3m ch3ap coinz 
And then there's that, but I highly doubt the state plans to keep any of the bitcoin. They'll probably use a payment processor that converts bitcoin to fiat just like most merchants use. If they don't do that, they're being completely irresponsible with taxpayer funds given the volatility of bitcoin.it's interesting food for thought though. at what point (if ever) does bitcoin become reliable enough for governments to hold reserves? nobody bats an eye at government gold reserves.
