⚡️🇺🇸 Eric Trump just confirmed that US based crypto projects will have ZERO capital gains!
Eric Trump has confirmed that some top U.S.-based crypto projects, such as XRP and HBAR, will soon benefit from zero capital gains tax, while non-U.S.-based projects will face a 30% capital gains tax!
I would have loved to hear the discussions Brad Garlinghouse had with politicians behind closed doors...
Lmao
Wow look he's doing things that make business easier for his donors so their investment was worth it. Amazing.
The entire shitcoin industry just came. It doesn't look good.
No worries. nostr:nprofile1qqsve2jcud7fnjzmchn4gq52wx9agey9uhfukv69dy0v4wpuw4w53nqpz4mhxue69uhkummnw3ezummcw3ezuer9wchssmgd97 created bitcoin like everyone knows. I guess that means 0% cap gains for US citizens using bitcoin. Thank you Peter for being such a great CEO.
I'm Canadian...
They should also move the goalpost for the cap gains exemption to any crypto started three days before inauguration.
🤣🤣🤣
DiD I BuY tHe WrOnG cOiN?
Not sure, why Monero is not mentioned here.
It provides ZERO capital gains taxes to its US users for well over 10 years.
If I buy us shitcoin with bitcoin and immediately cash out in $, no ca gain tax?
Where is Senator Lummus on this? Isn't she some digital asset czar or whatever her title is?
Didn’t his friend Saylor tell him there is no second best?
Are there more details somewhere? Based on the headline, it sounds like the companies get a tax break, while their bag-holders get to pay taxes on a nice bag.
I think every project that can be categorized as "Made in America" or not is not decentralized enough!
Arbitrage opportunity
Lol
All of this is a distraction. Why do even have to pay any capital gains tax, or sales tax, or income tax or any other tax!? Prior to1861 the American public did not have to pay any income tax. In 1861 Congress enacted a temporary flat tax of 3% on income above $800 (about $23K in today's money) for the duration of the Civil War. Then, the Federal Reserve and IRS were created by banksters and ever since then more and more taxes were levied upon the people. At the same time, the rich have made sure to create a loophole for themselves in order not to pay any taxes ever. That loophole is called private foundations. Examples are: Carnegie Foundation, Rockefeller Foundation etc.
Interestingly, there are currently no federal law requiring any US citizen to file a personal income tax unless their income was made outside US.
Thanks, Jon!
