Thread - Nostr Hypermedia

A national Bitcoin strategy is not just about a SBR. Users matter too. That means updating tax law to ensure we can use Satoshi’s innovation as decentralized, peer-to-peer electronic cash without phoning an accountant —> my post on Bitcoin Policy Institute on de minimis exemption

The De Minimis Exemption Path to Bitcoin as a True Medium of Exchange | Bitcoin Policy Institute

Replies (4)

Corrado Alvaro 1 year ago

Very true. Socks will cost $600 in a few years.

1 replies ↓

npub12qvy...a4gh 1 year ago

Here's a thought: set the de minimis exemption equal to whatever the largest individual tax burden thus far was & keep moving it up each year if necessary. That way almost everyone should at least be able to pay their taxes without being taxed even more.

1 replies ↓

bootlace 1 year ago

yes, adjust for inflation

Yaël yael@yael.at 1 year ago

This is sausage making a bit, but the previous levels were meant to be the same as the foreign currency exemption. It’s obviously not the same thing, and deserves a *very high* threshold, if at all