Most personal transactions where a capital gain occurs are subject to taxation. A newly proposed bill in the US House of Representatives could change things up a bit in this regard. Do not expect the taxable gain to be eradicated completely, however. Changing Crypto Taxation for the Better This peculiar proposal aims to take a slightly different approach to capital gains taxes. Any personal transactions with a profit of under $200 would no longer be taxable. That would be rather significant if approved. Nearly 90% of personal transactions have a profit of under $200, except for speculative dealings. Although this
The post New Taxation Proposal can Boost Cryptocurrency Merchant Adoption appeared first on The Merkle Hash.
New Taxation Proposal can Boost Cryptocurrency Merchant Adoption
The Merkle
0 shares
1 views