Biden Might Double Tax For Wealthy Investors, Is Crypto Affected?
CoinEdition
Published Apr 24, 2021 04:42AM ET
Updated Apr 24, 2021 05:01AM ET
Biden Might Double Tax For Wealthy Investors, Is Crypto Affected?
- Markets crashed as Bloomberg reported that Biden might double capital gains tax
- Bitcoin crashes below 50,000 USD as report of Biden’s plans went out
- Altcoins also fell by small percentages as the news came out
According to their sources,
“The White House plans to propose almost doubling the capital gains tax rate for those earning $1 million or more, to 39.6%”
In a Tweet, White House Chief of Staff Ron Klain, explained:
This proposal, which @JoeBiden campaigned on extensively, changes the tax rate for less tha...This article was first published on coinquora.com
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Written By: CoinEdition
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