Florida Plans to Scrap Capital Gains Tax on Bitcoin & Stocks
BREAKING: Florida proposes eliminating state capital gains tax on Bitcoin ₿, XRP ✕, and stocks 📈
Florida is making bold moves — aiming to remove capital gains tax on crypto 💰 and traditional equities 🏛️. This includes Bitcoin ₿, XRP ✕, Ethereum ◇, and stocks traded on the NASDAQ & NYSE 🏦.
Why it matters:
No state capital gains tax 🚫💸
Investor-friendly policy 🧑💼
Attracts traders & crypto businesses 🧲
Boosts local economy 📊
Supports blockchain innovation 🔗
While federal taxes 🇺🇸 via the IRS still apply, this could mean huge savings for Florida-based investors.
What it could bring:
Investor migration to Florida 🌴✈️
More fintech & crypto startups 💼⚡
High-paying job creation 🏗️💼
Solidify Florida as a tech-forward state 🚀
Crypto holders, this is big: Selling your assets like ₿ or ✕ in Florida could soon mean more profit in your pocket 🤑
The bill still needs legislative approval, but the crypto community is already buzzing with excitement 🔥
