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Arizona is expected to allow people to pay taxes via bitcoin

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The people could be allowed to pay taxes with bitcoin in Arizona

If passed, would pay for the law, taxpayers in Arizona with bitcoin and other cryptocurrencies.

Digital currency can be used to pay for flights, furniture, music and even pizza. Well, pretty soon in Arizona, you may be able to use that bitcoin to pay their taxes.

Arizona has the bills to the floor that would revolutionize the way the government is of the opinion cryptocurrencies such as bitcoin. A bill would recognise bitcoin and other cryptocurrencies as a currency, not a commodity. The other taxpayers in Arizona would have the option to pay their taxes with bitcoin.

“It is a litany of bills that we run, is that a signal to all that said in the United States, and perhaps in the whole world that Arizona is the place to be for the block-chain and digital currency technology in the future,” Arizona State rep Jeff Weninger.

Weninger said the law he co-sponsored, the pay of the Senate Finance Committee by a vote of 4 to 3, to make it easier for people in the state, your taxes.

“The simple operation of being able to do it in the middle of the night, to be able to do it at home, while you are watching TV,” Rep. said Weninger. “I think in a few years, this is not even a question.”

According to a University of Cambridge study, the current number of unique active user of crypto-money-wallets 2.9 million and 5.8 million is estimated to be between. Jack Biltis, a Phoenix entrepreneur is one of them – and he believes that this is the way of the future.

“I think in a few years, this is not even a question.”

Representative Weninger, co-sponsor of the payment of taxes with bitcoin bill

A state could allow that you pay your taxes in bitcoin?

Arizona bill could lead to, among other things, that the way
the governments will show you a digital “currency”

The legislature is divided. What are your thoughts?
Should be bitcoin, may be used for taxes/as a currency?@FoxNews pic.twitter.com/uMfc9qhMDs

— Charlie Lapastora (@charlielap) 7. February 2018

Biltis’ payroll company, Tag employer services, which enables employees to receive their paychecks via bitcoin and invest a portion of their 401(k) in bitcoin.

“We are living in a very interesting time and, really, we just want to said only a part of it,” Biltis. “We just know that we could be, like in Arizona, selected at the top of this time and promote these new technologies. This is only an exciting place to be.”

“We are living in a very interesting time and, really, we just want to said only a part of it,” Biltis. “We just know that we could be, like in Arizona, selected at the top of this time and promote these new technologies. This is only an exciting place to be.”

(Fox News)

In July 2010, the bitcoin price per unit of 6 cents. From Feb. 3, of this year to $9,300. Since its launch in 2009, the number of Bitcoins in circulation rose to 16.8 million.

“We just know that we could be… at the top of this time and promote these new technologies. This is only an exciting place to be.”

To pay – Jack Biltis, entrepreneurs, offers the employees, through bitcoin

“By accepting cryptocurrencies, you can do it for a few cents and at the same time, you can transfer money, really, in hardly a moment,” Biltis said. “So, this new technology is absolutely not to replace what we have now with our inefficient credit cards and banking systems.”

Biltis’ settlement company, the employees receive their paychecks on bitcoin and invest a portion of their 401(k) in bitcoin.

(Fox News)

But others believe that the systems are already established enough. Arizona State Senate Minority Leader Steve Farley said he thinks that if the draft is adopted, it is all taxpayers would be at risk if the bitcoin crashes.

“If we had allowed a bill that people pay their taxes in bitcoin directly, the volatility of a burden for all other taxpayers, because it would mean that the money goes to the state and the state has to take responsibility, such as exchange,” Farley said.

He added that the US dollar should be sufficient.

“These are American Dollar. Said, they are good enough for me,” Farley. “They should be good enough for someone else, who pays the taxes in this country.”

“These are American Dollar. They are good enough for me. You should be good enough for someone else, who pays the taxes in this country.”

– Senator Steve Farley, voted against the bill

Farley said three days after the bill was voted on, in Committee, bitcoin has lost 15 percent of its value.

“I think too often in our tax code, get certain special interests, while everyone else pays the price,” Farley said. “This is the perfect example, because the lobbyists who came, who spoke on behalf of this bill just wanted to advantage for his clients. This is part of the reason why our entire tax code is such a mess, because they are special interest lobbyists go there and try to make a break for their own customers. The rest of us who don’t, frankly, screwed we can get.”

Weninger said that the starting point is, in bitcoin low, in monetary terms. Most of the money, he said, would be spent on the education of people about a system that could be confusing.

“It’s always a little scary and exciting at the beginning, it was something (else) the Internet…The world is so different, that in 20 years, and the people who are really successful are the people who embrace it now and be on the leading edge of the curve.”

– Biltis

“It’s always a little scary and exciting at the beginning, it was something (and including) on the Internet,” Biltis said. “The world is so different, that in 20 years, and the people who are really successful are the people who embrace it now and be on the leading edge of the curve.”

Bitcoin is entirely on the Internet, blockchain technology, where a common ledger-recorded in the database and the share of each transaction that occurs in the network of the user. Five States have enacted or adopted blockchain legislation.

The World Economic Forum estimates that taxes are collected for the first time by a government on the blockchain until 2023. If Arizona’s bill by the taxpayers figures on the blockchain in just two years.

Charlie Lapastora is a multimedia reporter based in Phoenix, Arizona.

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