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Thread: Ohio to Accept Bitcoin For Payment of Taxes

  1. #1

    Ohio to Accept Bitcoin For Payment of Taxes

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  3. #2
    Taxes should never be pd in anything but paper FRN's .
    Do something Danke

  4. #3
    Quote Originally Posted by oyarde View Post
    Taxes should never be pd in anything but paper FRN's .
    ^^^ THIS ^^^

  5. #4
    Sort of. The bitcoins have to be converted to dollars before the money is applied to any of the business's taxes. So really they are still just taking dollars.

    Companies interested in using the new system will have to register with the state's Treasurer's office through, a portal that will take each payment and convert the virtual currency to actual dollars before being deposited into a state account, the press release said.
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  6. #5
    Better yet, it gets converted at the governments rate, so you get to pay a premium to pay your taxes.
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