Crypto at the White House and AI CZAR DAVID SACKS rejected the idea of taxes on each encrypted currency treatment as a way to fill the strategic Bitcoin reserves (BTC) and encryption stock with digital assets.
During a conversation appearance In everything in podcasts, host Jason Kalakanis suggested imposing a 0.01 % tax on each encrypted currency treatment, which will be originally resisted that is transferred, purchased or sold. The bags answered:
“This is how taxes always start. It is described as very modest. As you know, when the income tax began, it is only applied to a thousand American, and the legislators swore up and down as it will not be applied to the middle -class people.”
“Therefore, I don’t particularly like the idea of new taxes, even if it promised that it will not affect people much. This looks exhausted for me,” continued.
The encryption investors were high Highly important One of the idea, which would impose the transfer of assets between the governor owned by the same person.
The summit of encryption in the last White House did not mention concrete tax policies. However, the Trump administration has indicated its support for a sweeping tax reform at the federal level.
David Sachs discusses the strategic reserve of bitcoin and the encryption store. source: Everything in podcast
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President Trump suggests canceling the income tax and serving internal revenue
President Donald Trump previously suggested canceling federal income tax and replacing income tax revenues with definitions on imported goods.
Trump said that the federal government of the United States was funded exclusively through the customs tariff in the nineteenth century and argued that it was a time of almost unparalleled prosperity for the country.
Howard Lootnick, Minister of Trade in the United States, repeat The proposal said that the IRS service will be replaced by an “external revenue service”.
According to the search for the federation of accounting company, the Trump administration plan to replace revenues from federal income taxes can provide every US taxpayer of at least $ 134,809.
The company added that life savings can extend to up to 325,561 dollars per person if income taxes are canceled from the state.
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