Could twetching become a taxable event? đ§
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
15tLRfuL8RmP3cvsj3RnK5SfvcvJe8CaWu VerifiedUh oh
Iâm pretty sure every transaction via Bitcoin will automatically deduct micro-amounts for taxes one day.
I think that would be harder than Uâd think. So what government collects those taxes? How do they know youâre in the area thatâs deemed taxable by said government? Do local governments(city/state) collect as well? do you they have access to your wallet?
Multiple governments will build fiat currencies on one protocol and through the use of geolocation and registered businesses, any transaction from/into certain wallets will result in a micro tax paid to the jurisdictionâs wallet(s). Think smart contracts.
I get what youâre saying. I just want to know how that could be implemented and enforced.