Taxes
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BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP -backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#TRUMP #Taxes #Crypto #breakingnews #TrumpTaxCuts $TRUMP
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP -backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#TRUMP #Taxes #Crypto #breakingnews #TrumpTaxCuts $TRUMP
#TrumpTaxCuts
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#Trump
#Taxes
#Crypto
#BreakingNews
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#Trump
#Taxes
#Crypto
#BreakingNews
#TrumpTaxCuts
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#TRUMP #Taxes #cryptouniverseofficial #breakingnews
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#TRUMP #Taxes #cryptouniverseofficial #breakingnews
#XRPETF Tariffs are taxes on imports/exports imposed by governments to regulate trade. #Tariffs #Trade #Economy #ImportExport #GlobalTrade #Taxes
#TariffsPause qTariffs are taxes on imports/exports imposed by governments to regulate trade. #Tariffs #Trade #Economy #ImportExport #GlobalTrade #Taxes
In Italy, cryptocurrency transactions are subject to taxation. As of January 1, 2025, capital gains from crypto assets are taxed at a rate of 26%, with the exemption for gains under €2,000 removed.
The European Union's Markets in Crypto-Assets (MiCA) regulation, effective from December 2024, introduces comprehensive rules for crypto assets, including stablecoins. MiCA aims to enhance transparency and consumer protection across member states.
Converting cryptocurrencies into DAI is currently permitted in Italy because DAI is a decentralized stablecoin, pegged to the US dollar and backed by overcollateralized assets through the MakerDAO protocol. The MiCA (Markets in Crypto-Assets) regulation, effective in late 2024, will standardize the treatment of stablecoins across Europe. Until then, DAI remains compliant as a non-custodial stablecoin under current Italian regulations.
It's essential to comply with tax regulations and report all crypto-related activities accurately. Consulting with a tax professional can provide personalized advice tailored to your situation.
#Taxes #italy
The European Union's Markets in Crypto-Assets (MiCA) regulation, effective from December 2024, introduces comprehensive rules for crypto assets, including stablecoins. MiCA aims to enhance transparency and consumer protection across member states.
Converting cryptocurrencies into DAI is currently permitted in Italy because DAI is a decentralized stablecoin, pegged to the US dollar and backed by overcollateralized assets through the MakerDAO protocol. The MiCA (Markets in Crypto-Assets) regulation, effective in late 2024, will standardize the treatment of stablecoins across Europe. Until then, DAI remains compliant as a non-custodial stablecoin under current Italian regulations.
It's essential to comply with tax regulations and report all crypto-related activities accurately. Consulting with a tax professional can provide personalized advice tailored to your situation.
#Taxes #italy
See original
Cryptocurrencies? What the tax agency doesn't want you to know. Taxation 2024
Author:
Marco Musumeci D'Agata
Economist and DeFi Specialist
5 minute read - March 21, 2024
Starting in 2024, the Tax Agency requires that you inform it about the balance of your cryptocurrencies and if you do not do so, it will fine you.
In this article we are going to discuss tax obligations within a centralized economy (our daily life) and their total absence within decentralized finance, providing the reader with the necessary information to avoid making mistakes.
Marco Musumeci D'Agata
Economist and DeFi Specialist
5 minute read - March 21, 2024
Starting in 2024, the Tax Agency requires that you inform it about the balance of your cryptocurrencies and if you do not do so, it will fine you.
In this article we are going to discuss tax obligations within a centralized economy (our daily life) and their total absence within decentralized finance, providing the reader with the necessary information to avoid making mistakes.
How is government gonna find out about my Crypto and how much profit I made from it?
Governments track #crypto via KYC exchanges, bank transfers, and blockchain analysis. P2P trades & creative loopholes (like skins/gift cards) offer some privacy but aren't foolproof. Stay informed, diversify, and stay compliant! 🌐💰 #Cryptocurrency #Blockchain #Taxes
$BTC $ETH $XRP
$BTC $ETH $XRP
🚨 Trump’s economic agenda heats up:
🔹 Major tariffs incoming
🔹 Historic tax cuts in the works, per WH’s Karoline Leavitt
🇺🇸 2025 is shaping up to be a pivotal year for U.S. markets!
#Trump2025 #Taxes #Crypto #Finance #BreakingNews
🔹 Major tariffs incoming
🔹 Historic tax cuts in the works, per WH’s Karoline Leavitt
🇺🇸 2025 is shaping up to be a pivotal year for U.S. markets!
#Trump2025 #Taxes #Crypto #Finance #BreakingNews
China Imposes 20% Tax on Overseas Investment Income of Ultra-Wealthy 😱
According to #Bloomberg , China has begun taxing overseas investment income of the country’s ultra-wealthy. Some wealthy individuals in major cities have been asked to self-assess or meet with tax authorities to evaluate potential taxes owed, including back #taxes from previous years. Mainland investors may be required to pay a 20% tax on investment income, and those with overdue payments may face penalties, though the final amounts can be negotiated.
The report also notes that China implemented the Common Reporting Standard (CRS) in 2018 to prevent tax evasion. Local regulators have emphasized that mainland residents must pay taxes on global income, including investment returns. Some of the targeted individuals have at least $10 million in #overseas assets, and others are those with publicly listed companies in Hong Kong and the United States.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
According to #Bloomberg , China has begun taxing overseas investment income of the country’s ultra-wealthy. Some wealthy individuals in major cities have been asked to self-assess or meet with tax authorities to evaluate potential taxes owed, including back #taxes from previous years. Mainland investors may be required to pay a 20% tax on investment income, and those with overdue payments may face penalties, though the final amounts can be negotiated.
The report also notes that China implemented the Common Reporting Standard (CRS) in 2018 to prevent tax evasion. Local regulators have emphasized that mainland residents must pay taxes on global income, including investment returns. Some of the targeted individuals have at least $10 million in #overseas assets, and others are those with publicly listed companies in Hong Kong and the United States.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Florida: The Leader in Cryptocurrency Tax Friendliness in the USA
Florida has emerged as the most tax-friendly state in the USA for cryptocurrencies. Thanks to the absence of state income tax and pro-cryptocurrency policies, Florida surpasses other states, including New York, which has one of the highest income tax rates at 10.9% and requires a BitLicense.
Florida Named "Best State" for Cryptocurrency Tax Purposes
According to a recent study by CoinLedger, Florida ranks as the most tax-friendly state for #cryptocurrencies in the United States, while New York is positioned at the opposite end of the spectrum.
Key Factors to Florida's Success
The study, published on January 22nd, revealed that Florida achieved this status through a combination of no state income tax and policies supportive of cryptocurrencies. These policies include a pilot program that allows businesses to pay state fees in cryptocurrencies.
How Other States Compare with Florida
Following Florida are Texas and Wyoming, which also have no state income tax and support crypto-friendly policies, including allowing banks to act as crypto custodians. Nevada and Arizona also rank high, with zero and low tax rates on cryptocurrencies, respectively.
The Importance of Understanding Local Tax Policies for Investors
David Kemmerer, CEO of CoinLedger, emphasizes the importance of being aware of local tax regulations for crypto investors, who could lose thousands of dollars due to different state tax rates.
California and Other States with Higher Tax Rates
California is the second-worst state for cryptocurrency tax purposes, followed by Hawaii, Massachusetts, and New Jersey, with high income tax rates. Hawaii also requires all exchanges in the state to obtain a special license.
Recent Changes in IRS Policy
The IRS (Internal Revenue Service) recently announced that it will temporarily postpone some of its cryptocurrency tax rules, including exempting businesses from reporting #crypto transactions over $10,000, until an updated framework is issued.
#taxes
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Florida Named "Best State" for Cryptocurrency Tax Purposes
According to a recent study by CoinLedger, Florida ranks as the most tax-friendly state for #cryptocurrencies in the United States, while New York is positioned at the opposite end of the spectrum.
Key Factors to Florida's Success
The study, published on January 22nd, revealed that Florida achieved this status through a combination of no state income tax and policies supportive of cryptocurrencies. These policies include a pilot program that allows businesses to pay state fees in cryptocurrencies.
How Other States Compare with Florida
Following Florida are Texas and Wyoming, which also have no state income tax and support crypto-friendly policies, including allowing banks to act as crypto custodians. Nevada and Arizona also rank high, with zero and low tax rates on cryptocurrencies, respectively.
The Importance of Understanding Local Tax Policies for Investors
David Kemmerer, CEO of CoinLedger, emphasizes the importance of being aware of local tax regulations for crypto investors, who could lose thousands of dollars due to different state tax rates.
California and Other States with Higher Tax Rates
California is the second-worst state for cryptocurrency tax purposes, followed by Hawaii, Massachusetts, and New Jersey, with high income tax rates. Hawaii also requires all exchanges in the state to obtain a special license.
Recent Changes in IRS Policy
The IRS (Internal Revenue Service) recently announced that it will temporarily postpone some of its cryptocurrency tax rules, including exempting businesses from reporting #crypto transactions over $10,000, until an updated framework is issued.
#taxes
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🚨 KUDLOW: "President Trump is cutting taxes, slashing regulations, boosting energy, and lowering costs!" 🇺🇸
📊 Will this fuel economic growth or spark new debates?
#Trump #Economy #Taxes #FairTrade #TrumpTariffs
📊 Will this fuel economic growth or spark new debates?
#Trump #Economy #Taxes #FairTrade #TrumpTariffs
BREAKING NEWS: TRUMP ADMIN'S NEW TARIFFS SAID TO BE WORTH TRILLIONS OF DOLLARS
The Trump administration plans to impose new import tariffs on April 2, possibly totaling "trillions" of dollars, according to the Washington Post.
So far, tariffs have been raised on about $800 billion in imports from China, Mexico, and Canada.
"This could make the last two months look mild," said Joseph Politano of Apricitas Economics. Recent comments from Trump suggest no intention to pull back.
#ustarrif #Taxes
The Trump administration plans to impose new import tariffs on April 2, possibly totaling "trillions" of dollars, according to the Washington Post.
So far, tariffs have been raised on about $800 billion in imports from China, Mexico, and Canada.
"This could make the last two months look mild," said Joseph Politano of Apricitas Economics. Recent comments from Trump suggest no intention to pull back.
#ustarrif #Taxes
See original
Cryptocurrency taxes for everyone 🤯
#Taxes
Against the backdrop of news about the cancellation of tax for crypto companies in the USA, I wanted to understand what is happening with taxes in Europe, particularly for individuals.
I watched 🤯
Cryptocurrency taxes in Europe exist or are planned in almost all countries. They are traditionally high. For example, in Denmark, it is 37% on personal capital. 😳
Against the backdrop of news about the cancellation of tax for crypto companies in the USA, I wanted to understand what is happening with taxes in Europe, particularly for individuals.
I watched 🤯
Cryptocurrency taxes in Europe exist or are planned in almost all countries. They are traditionally high. For example, in Denmark, it is 37% on personal capital. 😳
"Hey fellow traders! Just wondering—how many of you actually pay TDS when buying crypto via P2P on Binance? And on a related note, how many of you have received an ITR notice because of it? I’ve seen mixed info out there, so curious to know what the community’s really doing. Drop your thoughts!"
#Taxes
#Taxes
Is Thailand Becoming a Crypto Hub in Southeast Asia with Tax Breaks for Investment Tokens? 🥳
Forget crypto rollercoasters, #Thailand is offering tax breaks to make it a crypto paradise!
They're exempting #taxes on investment token profits for individuals (with a catch) and slashing taxes for companies issuing them.
This bold move aims to turn Thailand into Southeast Asia's #crypto hub, but can they overcome their rocky past with crypto taxes?
Buckle up for a story of tax U-turns, public outcry, and Thailand's ambitious crypto dreams.
#Binance
#crypto2024
Forget crypto rollercoasters, #Thailand is offering tax breaks to make it a crypto paradise!
They're exempting #taxes on investment token profits for individuals (with a catch) and slashing taxes for companies issuing them.
This bold move aims to turn Thailand into Southeast Asia's #crypto hub, but can they overcome their rocky past with crypto taxes?
Buckle up for a story of tax U-turns, public outcry, and Thailand's ambitious crypto dreams.
#Binance
#crypto2024
TAX IN BRAZIL
The Brazilian Federal Revenue has introduced new regulations for cryptocurrency asset declaration in the 2024 Income Tax, including the need to differentiate between 'altcoin' and 'stablecoin' and to report the custodian's CNPJ. Additional rules for assets held abroad were also specified, following the "Offshore Law." These new guidelines are effective from March 15, with the declaration period extending until May 31.
#write2earn #TrendingTopic #tax #taxes
The Brazilian Federal Revenue has introduced new regulations for cryptocurrency asset declaration in the 2024 Income Tax, including the need to differentiate between 'altcoin' and 'stablecoin' and to report the custodian's CNPJ. Additional rules for assets held abroad were also specified, following the "Offshore Law." These new guidelines are effective from March 15, with the declaration period extending until May 31.
#write2earn #TrendingTopic #tax #taxes
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