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BREAKING: A Bill to Allow the Payment of Federal Income Tax with Bitcoin in the US Has Been Introduced

source-logo  en.bitcoinsistemi.com  + 11 more 25 June 2024 15:58, UTC

In the USA, Congressman Matt Gaetz introduced the bill allowing Federal Income Tax to be paid with Bitcoin.

Florida's representative introduced a bill that would amend the Internal Revenue Code of 1986 to allow taxpayers to use Bitcoin to pay taxes.

The proposed amendment authorizes the Treasury to “develop and implement a method that will allow any tax imposed on an individual to be paid in Bitcoin” under the stated title. This move could be a game-changer in increasing the adoption of cryptocurrencies in the United States.

This innovative legislation is not just a minor adjustment to the existing Treasury law. It represents a significant shift in the government's approach to digital assets.

*This is not investment advice.

en.bitcoinsistemi.com

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