Curbing Crypto Wash Sales, Spiking Capital Gains Among Biden’s Budget Proposal: Report

by #AI March 9, 2023 · Automatic

US President Joe Biden could be zeroing-in on clamping down crypto wash sales as part of his upcoming Budget speech. Biden’s budget could further explore the idea of doubling the capital gains tax rate for investors. Both of these ideas are aimed at bringing in more flow of capital in the US market, that is currently struggling with inflation.

Author: . [Source Link (*), Gadgets 360]

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