For me, spending bitcoin is more about the decision it makes me face:
> Am I willing to ignore tax law in my jurisdiction? <
If not, I then have to treat my every Bitcoin transaction as a taxable event, requiring me to know and document the cost basis for every sat, and self-reporting this on a complex and obscure tax form that is likely to raise red-flags and the attention of the tax authorities who demand and enforce capial gains regulation.
It’s a real question to consider where applicable.
If you’re worried about a ‘taxable event’ every time you spend bitcoin, you’re doing it wrong.
What's the best locally run software to track and calculate this?
You could choose Monero for your spendings.
But instead you choose inactivity in the hope others will fix the system for you.
Okay so you trade more privacy for a lack of auditabilty.
Those who can use Bitcoin privately have zero use case for moenro.
Yeah; I hear what you are saying...
I was thinking about the adjacent issue.
I was focusing primarily about the decision a person has to make about complying [or not complying] with tax laws.
Using Monero doesn't make that particular decision go away; Monero is under the same tax regulation as all cryptocurrencies.
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Monero's usefulness to the person who decides not to report crpytocurrency transactions to the taxing rulers is a slightly different topic.
