In the morning of Monday, April 22, Dennis Porter, the CEO, and co-founder of the Satoshi Action Fund, caused a stir on X as he shared a supposed letter sent by Senator Elizabeth Warren to President Biden.
The letter detailed a proposed piece of legislation titled the ‘Cryptocurrency Reporting and Wealth Tax Act’ and urged its implementation.
In the document, Senator Warren highlighted that digital assets present both opportunities and challenges but focused on the problems of taxing digital assets and enforcing existent rules in the crypto market.
As a result, the proposed act would introduce requirements for any individual or entity holding more than $1,000 worth of Bitcoin (BTC) or other cryptocurrency to the Internal Revenue Service (IRS).
As part of the goal of the proposed legislation is to tackle wealth inequality in the U.S., the bill would also entail a wealth tax on crypto assets.
The wealth tax would, however, apply only to individuals and entities that ho
We współpracy z: https://finbold.com/has-a-1-tax-on-bitcoin-holders-been-proposed-by-a-u-s-senator/
