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Proposed crypto tax overhaul would raise an estimated $500 million over 10 years · Digg

Proposed crypto tax overhaul would raise an estimated $500 million over 10 years

CryptoSlate reports that Congress’s proposal would ease stablecoin and small-fee reporting, including $2.365 billion in relief for transaction fees of $10 or less.

Congress’s proposed crypto tax overhaul would pair reporting relief with revenue-raising changes, CryptoSlate reports. Wash-sale restrictions and mark-to-market changes are projected to raise more than $4 billion, offsetting $2.365 billion in relief for transaction fees of $10 or less. The overhaul would ease stablecoin and small-fee reporting while raising an estimated $500 million over 10 years.

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Proposed crypto tax overhaul would raise an estimated $500 million over 10 years

CryptoSlate reports that Congress’s proposal would ease stablecoin and small-fee reporting, including $2.365 billion in relief for transaction fees of $10 or less.

Congress’s proposed crypto tax overhaul would pair reporting relief with revenue-raising changes, CryptoSlate reports. Wash-sale restrictions and mark-to-market changes are projected to raise more than $4 billion, offsetting $2.365 billion in relief for transaction fees of $10 or less. The overhaul would ease stablecoin and small-fee reporting while raising an estimated $500 million over 10 years.

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CryptoSlate@CryptoSlate 10 hrs ago
Congress’s crypto tax overhaul would ease stablecoin and small-fee reporting while still raising an estimated $500 million over 10 years. Wash-sale restrictions and mark-to-market changes are projected to raise more than $4 billion, offsetting $2.365 billion in relief for…
cryptoslate.com
/congress-wants-to-make-crypto-easier-to-use-and-still-collect-500-million-more-in-taxes/
- likes: 1
- replies: 0
- bookmarks: 0
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1 post, first seen 10h ago

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@CryptoSlateCongress’s crypto tax overhaul would ease stablecoin and small-fee reporting while still raising an estimated $500 million over 10 years. Wash-sale restrictions and mark-to-market changes are projected to raise more than $4 billion, offsetting $2.365 billion in relief for transaction fees of $10 or less. https://cryptoslate.com/congress-wants-to-make-crypto-easier-to-use-and-still-collect-500-million-more-in-taxes/

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

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1 post

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CryptoSlate@CryptoSlate 10 hrs ago
Congress’s crypto tax overhaul would ease stablecoin and small-fee reporting while still raising an estimated $500 million over 10 years. Wash-sale restrictions and mark-to-market changes are projected to raise more than $4 billion, offsetting $2.365 billion in relief for…
cryptoslate.com
/congress-wants-to-make-crypto-easier-to-use-and-still-collect-500-million-more-in-taxes/
- likes: 1
- replies: 0
- bookmarks: 0
- reposts: 0

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