BREAKING: A Bill to Allow the Payment of Federal Income Tax with Bitcoin in the US Has Been Introduced
In the USA, Congressman Matt Gaetz introduced the bill allowing Federal Income Tax to be paid with Bitcoin.
Florida’s representative introduced a bill that would amend the Internal Revenue Code of 1986 to allow taxpayers to use Bitcoin to pay taxes.
The proposed amendment authorizes the Treasury to “develop and implement a method that will allow any tax imposed on an individual to be paid in Bitcoin” under the stated title. This move could be a game-changer in increasing the adoption of cryptocurrencies in the United States.
This innovative legislation is not just a minor adjustment to the existing Treasury law. It represents a significant shift in the government’s approach to digital assets.
*This is not investment advice.
