Could twetching become a taxable event? 🧐
Post by twetch#16592
I’m pretty sure every transaction via Bitcoin will automatically deduct micro-amounts for taxes one day.
What the chain says
- Block
- 622 819
- Time
- 2020-02-20T00:18:14Z
- Signer
- 16Wa4DdaWeTWJtfWomHZHRXwGE1wLfH34U
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#16592
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
16Wa4DdaWeTWJtfWomHZHRXwGE1wLfH34U VerifiedReplies (5)
I think that would be harder than U’d think. So what government collects those taxes? How do they know you’re in the area that’s 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 jurisdiction’s wallet(s). Think smart contracts.
I get what you’re saying. I just want to know how that could be implemented and enforced.
That is so far into the future that I don’t even worry about it. I’m hoping to be living in a cabin out in the middle of nowhere with a couple animals and a garden to take care of by then. 😂