Kamala Harris's capital gains tax proposal may harm long-term Bitcoin investors
Kamala Harris is considering imposing a 25% tax on unrealized capital gains, which could severely weaken the long-term holding ability of Bitcoin investors. Recent reports indicate that Vice President Kamala Harris is supporting Joe Biden's fiscal year 2025 budget proposal, which would impose up to a 45% capital gains tax on long-term investments in the United States. If that's not enough, she's also considering taxing 25% on unrealized profits. If implemented, this could seriously harm long-term Bitcoin investors and may even force cryptocurrency companies to eventually withdraw from the United States.
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