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Market
Will Gaetz's Bitcoin tax bill pass in the House by 2024 and in what form?
5
Resolution / Starting Odds
Yes, with amendments • 33%
Yes, without amendments • 33%
No • 34%
Official Congressional Records or reputable news sources
Story
Rep. Matt Gaetz Introduces Bill Requiring IRS to Accept Bitcoin for Federal Taxes
Jun 25, 2024, 03:48 PM
Congressman Matt Gaetz has introduced a bill that would allow federal income taxes to be paid with Bitcoin. The proposed legislation, announced on June 25, 2024, aims to modernize the tax system by requiring the U.S. Treasury and IRS to implement a program for accepting Bitcoin as payment for federal taxes. Gaetz believes that enabling taxpayers to use Bitcoin for federal tax payments will promote innovation, increase efficiency, and offer more flexibility to American citizens.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Passed • 25%
Rejected • 25%
Postponed • 25%
Withdrawn • 25%
Tax Legislation • 25%
Deregulation Bill • 25%
Consumer Protection • 25%
Other • 25%
