Summary of Kamala Harris’s Unrealized Capital Gains Tax Would Hurt All Crypto Investors
Summary of Kamala Harris’s Unrealized Capital Gains Tax Would Hurt All Crypto Investors
The source article:
Kamala Harris's endorsement of a 25% tax proposal on unsold assets has sparked controversy, particularly among crypto investors who would be heavily impacted. The proposal, which would require individuals to pay taxes on the appreciation of their cryptocurrency holdings even if they haven't sold, could have devastating consequences for the crypto market and the broader economy.
The source article:
quoting nevent1q…9epyKamala Harris’s Unrealized Capital Gains Tax Would Hurt All Crypto Investors
The proposed 25% levy would hurt early investors in bitcoin and lead to a selloff in the wider market, says Zac Townsend, CEO and co-founder of Meanwhile.
https://www.coindesk.com/opinion/2024/10/02/kamala-harriss-unrealized-capital-gains-tax-would-hurt-all-crypto-investors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Kamala Harris's endorsement of a 25% tax proposal on unsold assets has sparked controversy, particularly among crypto investors who would be heavily impacted. The proposal, which would require individuals to pay taxes on the appreciation of their cryptocurrency holdings even if they haven't sold, could have devastating consequences for the crypto market and the broader economy.