GeishaCharming
Mon Nov 18 2024
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6 answers
1331
What is the coin tax in California?
In California, the coin tax typically refers to taxes levied on transactions involving certain types of coins, particularly those considered as "sin taxes" such as taxes on cigarette and alcohol sales. However, with the evolving economic landscape and the emergence of digital currencies, the scope and application of coin taxes in California may be undergoing changes. Specifically, California has recently taken steps to regulate digital currencies, potentially opening up a new area of taxation.
