Donald Trump has expressed interest in revising capital gains taxes, but I couldn't find any information on eliminating all capital gains taxes specifically for cryptocurrencies issued by U.S. companies.
However, Trump's proposed tax plans include making the tax cuts in his 2017 tax law permanent and potentially lowering federal income tax rates for individuals.¹ The Project 2025 policy blueprint, which Trump supports, suggests two changes to capital gains tax:
- Reducing the top long-term capital gains tax rate from 20% to 15%
- Indexing capital gains for inflation to adjust taxpayers' basis in capital assets, potentially lowering tax bills
These proposals aim to stimulate economic growth, but their impact on cryptocurrencies is uncertain. For the latest updates on Trump's tax plans and their effects on cryptocurrencies, I recommend consulting financial news sources or tax experts.
Would you like to know more about Trump's tax plans or cryptocurrency taxation?
#Binance240MUsers #DEXXBreach #USDebt36Trillion #MemecoinWars #WorldLibertyXChainlink