Here's something I thought was very interesting 🤔 So apparently, when you buy something with bitcoin, you can actually wind up paying more for it 🤯 Why?.... Because apparently you're charged with capital gains tax on bitcoin 😳 This is NOT tax or legal advice.. Do your own due diligence.... However, it looks like to me that the majority of people will be actually owing capital gains tax when they sell or buy something with their bitcoin 🤔 Why?... Because bitcoin goes UP in value quickly! I wonder how companies think it smart to require their customers to pay with bitcoin 🤔 It is a Win for the company because they get tons of bitcoin.. But the customer loses big 😳 Again.. This is NOT to be taken as tax or legal advice and is merely my own speculation from being a "Google warrior" 😂 However, I have reached out to a tax accountant to get the True law vs what I read online but the potential accuracy of what Im saying here is high 🤔 Yall know anything about this? 🤔
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