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by mikeash
4760 days ago
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BTC is certainly intended to take on that role. Whether it can is the big question. Note that barter isn't actually exempt from taxes at all. Transactions are taxed at the market value of the barter. People generally ignore this, but they only get away with it because the transactions are tiny. If e.g. Exxon started selling oil by barter, the IRS would take its share. |
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