Senator Cynthia Lummis introduces Bitcoin bill to provide tax exclusion for bitcoin purchases upto $600 : CryptoCurrency


From the article: “Specifically, that means applying an exclusion for small sales, Lindholm said. The senator is currently looking at $600, he said. He added that Lummis would like it to be higher but that the Senate may only pass a bill with a lower amount.”

No tax on a small amount if you sell, nice gesture but how about larger amounts?

Amended to clear up my misunderstanding


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