Cornell research links $300 Bitcoin tax exemption to $860M boost for US Treasury
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
Cornell Tech Policy Institute Says Small Bitcoin Tax Exemption Could Raise US Revenue by $859M
Cornell Tech Policy Institute says exempting small Bitcoin transactions from capital gains tax could raise US fiscal revenue by $859 million over 10 years. Here is the policy logic, Bitcoin market relevance, and what it could mean for crypto regulation.
An analysis attributed to the Cornell Tech Policy Institute estimates that exempting from the capital gains tax certain small purchases of digital assets could raise U.S. federal revenues by $859,000,000 over ten years. The proposal is linked to the S. 2207 project, presented by Senator Cynthia Lummis, although the details and legislative status of the measure still need to be verified in the current official text.
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapCornell research links $300 Bitcoin tax exemption to $860M boost for US Treasury
Cornell research finds a $300 de minimis tax exemption on Bitcoin spending could generate $860 million for the US Treasury by boosting crypto
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
