Quote:
Originally Posted by lyno
Why should Bitcoin transactions be taxed? If somebody gives you cash or sends you paypal that transfers is not taxed also. You, as receiver of the money, pays the tax (or not).
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Because many states believe they are entitled to a sales tax. So if you purchased something from California using bitcoin the state of California wants their cut no matter where the purchaser resides. This is the reason why sites like Amazon charge sales tax on many sales even if the purchaser resides in another state.