Recently, a post went viral stating that Donald Trump has eliminated capital gains taxes on stock and crypto investments, claiming:
"NO GAINS, NO TAX. PROMISE MADE, PROMISE KEPT."
While it sounds like a bold, game-changing move, here’s the TRUTH:
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1. Is there currently a law eliminating capital gains taxes on stocks and crypto?
No.
As of now, no official policy, executive order, or signed law has been enacted by Trump (or anyone else) that completely removes capital gains tax for stocks or crypto markets.
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2. Where did the rumor come from?
This appears to be a campaign-related claim or speculation circulating online. Trump has previously spoken about reducing taxes, and there are reports he’s considering tax cuts on capital gains if reelected — but nothing has been signed into law.
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3. What are capital gains taxes?
Capital gains tax is the tax on profits made from selling assets like stocks or cryptocurrencies. In the U.S., these are taxed based on how long you've held the asset and your income bracket.
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4. Could this happen in the future?
Possibly. If Trump were reelected and had support in Congress, he could push for reductions or exemptions, but it would require legislative approval. Even then, a complete removal is extremely unlikely, especially given budget concerns.
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5. Be cautious of hype
This message contains third-party opinions, and possibly sponsored content designed to go viral. Always verify claims through official government sources or trusted financial news outlets.
---
Bottom line:
There is currently NO removal of capital gains tax on stocks or crypto.
Stay informed. Don't fall for misleading headlines.
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Disclaimer: This post is for informational purposes only. It is not financial advice. Always consult with a licensed financial advisor before making investment decisions.
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BREAKING CLAIM: "TRUMP HAS REMOVED ALL CAPITAL GAINS TAX ON STOCKS & CRYPTO!"
Let’s break down what’s really going on.
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Recently, a post went viral stating that Donald Trump has eliminated capital gains taxes on stock and crypto investments, claiming:
"NO GAINS, NO TAX. PROMISE MADE, PROMISE KEPT."
While it sounds like a bold, game-changing move, here’s the TRUTH:
---
1. Is there currently a law eliminating capital gains taxes on stocks and crypto?
No.
As of now, no official policy, executive order, or signed law has been enacted by Trump (or anyone else) that completely removes capital gains tax for stocks or crypto markets.
---
2. Where did the rumor come from?
This appears to be a campaign-related claim or speculation circulating online. Trump has previously spoken about reducing taxes, and there are reports he’s considering tax cuts on capital gains if reelected — but nothing has been signed into law.
---
3. What are capital gains taxes?
Capital gains tax is the tax on profits made from selling assets like stocks or cryptocurrencies. In the U.S., these are taxed based on how long you've held the asset and your income bracket.
---
4. Could this happen in the future?
Possibly. If Trump were reelected and had support in Congress, he could push for reductions or exemptions, but it would require legislative approval. Even then, a complete removal is extremely unlikely, especially given budget concerns.
---
5. Be cautious of hype
This message contains third-party opinions, and possibly sponsored content designed to go viral. Always verify claims through official government sources or trusted financial news outlets.
---
Bottom line:
There is currently NO removal of capital gains tax on stocks or crypto.
Stay informed. Don't fall for misleading headlines.
---
Disclaimer: This post is for informational purposes only. It is not financial advice. Always consult with a licensed financial advisor before making investment decisions.