PRESIDENT TRUMP DOUNLES DOWN ON CRYPTO ,PROPOSES NO CAPITAL GAINS TAX FOR $BTC AND #US MADE TOKENS
Donald Trump has proposed eliminating capital gains tax for Bitcoin and U.S.-made tokens, but I couldn't find any official confirmation or details on this plan .
It's worth noting that Trump's economic policy advisers have expressed various views on taxation, including opposing increases to the $10,000 cap on state and local tax deductions and potentially eliminating the deduction altogether . However, Trump's stance on cryptocurrency taxation seems to be more focused on encouraging growth and investment.
In contrast, Kamala Harris has proposed raising the long-term capital gains tax rate to 28% for taxable income exceeding $1 million, which could impact cryptocurrency investments . She also supports a 25% minimum tax on individuals with at least $100 million in wealth, which would consider unrealized capital gains.
Taxation Proposals Compared:
- Trump's Proposal.
- Eliminate capital gains tax for Bitcoin and U.S.-made tokens
- Lower income tax rates for individuals
- Harris' Proposal:
- Raise long-term capital gains tax rate to 28% for taxable income exceeding $1 million
- Implement a 25% minimum tax on individuals with at least $100 million in wealth
#USInflationAboveTarget #MemecoinWars #BTCBreaks93k #PNUTSurge
