Ohio to accept Bitcoin for tax payments… but DC always wants a cutBy Joe Jarvis - November 26, 2018 | WHAT REALLY HAPPENED


Ohio to accept Bitcoin for tax payments… but DC always wants a cutBy Joe Jarvis - November 26, 2018

But the US government insisted that residents pay the tax not in whiskey, but in coin.

For big commercial distilleries, this wasn’t an issue. Since they sold their whiskey anyway, they had the coin to pay the tax.

But for random Pennsylvanians who brewed whiskey as a way to preserve their grain, this was horribly oppressive. Not only would the government take a portion of their livelihood, but they would force the people to somehow come up with money to pay the tax.

But whiskey was the money for these people. They never planned to sell it. And they couldn’t compete against the big distilleries, which because of scale, had cheaper per gallon costs.

So individuals had to sell some of their whiskey for a loss in order to come up with the coin to pay the tax.

If the government had accepted the actual whiskey as payment for the tax, the injustice wouldn’t have been so intense.

And over two centuries later, the same situation is happening to Pennsylvania’s westerly neighbors.

Ohio will begin allowing businesses to pay state taxes using Bitcoin. Eventually, they will accept Bitcoin payments from individuals as well.

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