Crypto Payroll & Capital Gains Tax: What’s the Deal?
Bitcoin is making waves, and with it, the question of whether or not to tax it. Given that blockchain tech is revolutionizing how we view ownership and transactions, this raises an important debate. Should governments step in and tax these digital assets? Let’s dive into the paywall of capital gains taxes on Bitcoin and what that means for crypto payroll.
Why Capital Gains Tax on Bitcoin Matters
If you’re investing in Bitcoin or running a business that uses it, capital gains tax is a big deal. In the U.S., Bitcoin is considered property. So, every time you use it, it could trigger a taxable event based on its market value at that moment. That’s a headache for everyday users who have to keep track of every transaction’s gains and…
