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How the Supreme Court Sales Tax Ruling Could Boost Cryptocurrencies

484 views · Published 22 June 2018 · 3:53 · Indexed 29 October 2026

Channel: Rules For Rebels · 2018 · Howto & Style

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So earlier today I made a video about how the Supreme Court recently reversed it's Quill vs North Dakota ruling giving states the power to force out of state retailers to collect and remit sales taxes to them for purchases made by people in their state. If you didn't see the video you can watch it here...

https://www.youtube.com/watch?v=UhTSxI4seVA

Now Cryptocurrency was getting a lot of attention back in December of 2017 before the price crashed, and now it gets really no love and no attention. For a while I've been wondering what could possibly get people interested again and I think this Supreme Court sales tax ruling which affects ecommerce sellers could be just that.

Now in the past people acted like saving 2% or 3% by using crypto instead of credit cards would sway people. Crypto is not easy to use and credit cards are and offer protection, so for most people 2% or 3% savings by not using credit cards isn't that attractive.

But when you look at a city like Chicago that has a 10.25% tax, plus another 3% merchant processing fee, now were at 13.25%. If someone could use Bitcoin, Monero, or another cryptocurrency and cut out the tax man as well as the banks, well 13.25% is much more attractive and may actually sway more people to use cryptocurrency.

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