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    Author Topic: Bitcoin Will Kill The Income Tax  (Read 30007 times)
    GreenBits
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    October 05, 2017, 08:56:07 PM
     #601

    if you mean "kill" by largely allowing people to avoid paying taxes, you are sadly mistaken. first off, the bitcoin blockchain is clearly visible to everyone, including law enforcement. they will not stand idlly by and watch billions of untaxed dollars transact without getting their cut. it would be pretty easy to simply outlaw the remission of bitcoin; that would solve the problem pretty much over night, LOL. essentially, the government has too much control of the financial affairs of citizens to allow bitcoin to deny them tax basis. they will regulate it to dust before this happens Wink
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