Any transaction in terms of bitcoin will be taxed the same way that if a transaction occurred in terms of dollars.
you think? someone in south africa buys a sweater with bitcoin - he has to pay us gov for the privilege? now i'm from new york ... what's the difference? for both of us the btc lives on the blockchain ...
i think the only way the fed can tax btc is when you trade it for fiat then deposit said currency into a bank account. at that you have created 'income', which the fed has been illegally taxing for some time. though it could be argued that you had to work to acquire the bitcoin, and work some more to trade it, therefore it is not 'income', rather 'trade', which is not taxable, but then they've convinced ppl that it
is income because you've recieved something. you did recieve something, but you traded your time and effort, leaving a balanced equasion, not taxable 'income'. interest on a bank account is taxable income, so are tips and gifts. (under
rule of law, that is) 'they' try to convince us that 'they' represent rule of law, it is one of their biggest lies.
I do not understand why people think that spending bitcoin somehow magically causes the fed and the military to somehow become weaker
no magic involved, support of F.R.N. fiat currency = support of the military-industrial complex.
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