US President called on Congress to close loopholes to optimize cryptonologists – Bits Media

Joe Biden spoke to Congress and called on legislators to deprive the rich people of the opportunity to move away from taxes.

The elimination of this loophole will allow the United States to attract to the budget about $18 billion, The president is sure. What specific legislative initiatives will be wearing, Not yet reported.

The President’s Epistle Congress contained a reference to the rule of internal income service (IRS) On a fictitious sale of assets. The tax rule prohibits selling the same securities with a loss and redeemed back during 30 calendar days. For traditional investors, this is a common strategy, called tax loss collection, when the tax base for capital growth is reduced by the method of fictitious sale and reverse redemption..

The crypto enthusiast under the pseudonym Fatman wrote on Twitter, that Biden "is looking for income in the wrong place". The analyst reminded, What a for 2022 year capitalization of the crypto assets market has fallen to $1,4 trillion, While corporate profit in the United States was about $12 trillion.

Earlier the Council of Economic Consultants under the President of the United States (CEA) Offered
introduce a thirty percent miner tax tax, To compensate for the negative impact of cryptocurrency production on the climate.