Dollar transactions are not taxed like this. What is taxed is sales tax, income, property, etc. this could still be possible in bitcoin.
Ahem… do we _want_ Bitcoin to be taxed like that?? Just for holding the asset??
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The only tax that Bitcoin needs is a transaction tax, which is already part of the mining process.
Not sure what you mean here. Where in the mining process is there a tax? You mean the self employment income taxes that LLC’s and Sole Props have to pay upon mining new blocks?
