{"id":481,"date":"2024-09-30T20:01:49","date_gmt":"2024-09-30T20:01:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=481"},"modified":"2024-09-30T20:01:49","modified_gmt":"2024-09-30T20:01:49","slug":"pay-taxes-with-bitcoin-ohio-senator-proposes-bill-for-crypto-tax-payments-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=481","title":{"rendered":"Pay Taxes With Bitcoin? Ohio Senator Proposes Bill For Crypto Tax Payments, But There&#8217;s A Catch"},"content":{"rendered":"<div>\n<p>Ohio state senator <strong>Niraj Antani<\/strong> has introduced a bill that would enable residents and businesses to pay their state and local taxes using cryptocurrencies like <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>). <\/p>\n<p><strong>What Happened<\/strong>: While the <a href=\"https:\/\/x.com\/NirajAntani\/status\/1840745739283988761\">proposed<\/a> bill aims to position Ohio as a pioneer in crypto adoption, it faces a steep climb toward becoming law.<\/p>\n<p>The legislation would require the state and \u201call local political subdivisions\u201d to accept cryptocurrencies for tax payments. Additionally, it would permit state universities and pension funds to invest in digital assets.<\/p>\n<p>Despite its ambitious goals, the bill\u2019s chances of success are doubtful. Legislative proposals often serve to express political intentions, acknowledge support from certain groups, or signal policy direction rather than to advance into law. <\/p>\n<p>\u201cEven in the most serious legislature in the country on Capitol Hill, less than 5% of bills ever become law,\u201d experts often note, highlighting the difficulties faced by even the most well-thought-out proposals.<\/p>\n<p>Senator Antani&#8217;s bill &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/41102705\/pay-taxes-with-bitcoin-ohio-senator-proposes-bill-for-crypto-tax-payments-but-theres-a-cat\" alt=\"Pay\" taxes with bitcoin ohio senator proposes bill for crypto tax payments but there a catch>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ohio state senator Niraj Antani has introduced a bill that would enable residents and businesses to pay their state and local taxes using cryptocurrencies like Bitcoin (CRYPTO: BTC). What Happened: While the proposed bill aims to position Ohio as a pioneer in crypto adoption, it faces a steep climb toward becoming law. The legislation would [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-481","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=481"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/481\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}