Florida Plans to Scrap Capital Gains Tax on Bitcoin & Stocks
BREAKING: Florida proposes eliminating state capital gains tax on Bitcoin โฟ, XRP โ, and stocks ๐
Florida is making bold moves โ aiming to remove capital gains tax on crypto ๐ฐ and traditional equities ๐๏ธ. This includes Bitcoin โฟ, XRP โ, Ethereum โ, and stocks traded on the NASDAQ & NYSE ๐ฆ.
Why it matters:
No state capital gains tax ๐ซ๐ธ
Investor-friendly policy ๐งโ๐ผ
Attracts traders & crypto businesses ๐งฒ
Boosts local economy ๐
Supports blockchain innovation ๐
While federal taxes ๐บ๐ธ via the IRS still apply, this could mean huge savings for Florida-based investors.
What it could bring:
Investor migration to Florida ๐ดโ๏ธ
More fintech & crypto startups ๐ผโก
High-paying job creation ๐๏ธ๐ผ
Solidify Florida as a tech-forward state ๐
Crypto holders, this is big: Selling your assets like โฟ or โ in Florida could soon mean more profit in your pocket ๐ค
The bill still needs legislative approval, but the crypto community is already buzzing with excitement ๐ฅ
