RHODE ISLAND BILL PROPOSES $10,000 IN TAX-FREE #BITCOIN SPENDING PER MONTH
Introduced to the RI Senate last month, the bill states that individuals and businesses can spend/sell up to $1k in bitcoin 10 times per month w/o incurring states cap gains taxes.
https://bitcoinmagazine.com/news/rhode-island-bill-would-allow-state-residents-spend-10000-monthly-in-bitcoin-tax-free
And then the fine print... in $1,000 increments. This is why we can't have nice things.
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God damnit
Granted, on chain bitcoin makes it easy to structure a payment as 10 separate ones but still I hate it
Doing so is called “structuring,” and is illegal. Good times.
