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Cryptoranking Index
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US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador's Success U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s technological leadership. Lawmaker Proposes Bill to Allow Federal Income Taxes to Be Paid With Bitcoin U.S. Congressman Matt Gaetz (R-FL) announced on Tuesday that he has introduced legislation mandating the U.S. Secretary of the Treasury to establish a program enabling federal income taxes to be paid with bitcoin (BTC). The bill aims to “amend the Internal Revenue Code of 1986 to allow the payment of certain Federal taxes with bitcoin,” according to its text.
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