What Biden’s Presidency Could Mean for Crypto

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#### Best Case:

Abolish Capital Gains tax. Bitcoin is no longer taxable

#### Worst Case

1. Wealth Tax – People with a specific net-worth, or those participating in certain investments will be taxed on their holdings, not their profits. So regardless of loss or gain, you have to sell 1% of your BTC each year to include in your 1040 Tax form.
2. Higher Capital Gains Tax – Currently at 33% for high income short-term investment. Could go higher based on income or investment class.

***

Biden, Warren and Sanders have all advocated for #1 and #2 before. Perhaps he’s had a change of heart and will abolish CG tax, but I doubt it.

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

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