Are Bitcoin (BTC) Whales Targeted With 1% Wealth Tax?

Bitcoin (BTC) community spooked with fake 1% wealth tax bill

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BitGo Buys Crypto Wealth Management Platform HeightZero

HeightZero handles portfolio rebalancing, statement generation, tax loss harvesting and automated billing for crypto clients.

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Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

Harvard scholar Christine Kim writes that income and wealth in the metaverse should be subject to immediate taxation.

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Biden opposes agreement that could protect “tax cheats and crypto traders”

U.S. President Joe Biden expressed opposition to a proposal that could result in low taxes for crypto investors, The Hill reported on May 21. Biden wants to cut crypto tax loopholes Following a G7 summit in Hiroshima, Japan, Biden said: “I’m not going to agree to a deal that protects wealth tax cheats and crypto […] The post Biden opposes agreement that could protect “tax cheats and crypto traders” appeared first on CryptoSlate.

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Best and worst countries for crypto taxes — plus crypto tax tips

So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth.

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Ross Gerber Says Peter Schiff Still Hasn't Figured Out Bitcoin

Gerber Kawasaki Wealth CEO Ross Gerber took a jab at Peter Schiff following the gold bug’s tax evasion scandal

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Highlights March 28: Cryptos rally, new wealth tax in the US

The crypto markets were higher this morning, with most of the top 10 cryptos…

The post Highlights March 28: Cryptos rally, new wealth tax in the US appeared first on Coin Journal.

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Why Elon Musk Says Crypto Skeptic Senator Elizabeth Warren Must Leave Office

One of the Senate’s most prominent crypto skeptics and Tesla/SpaceX CEO Elon Musk are in the middle of a full-scale Twitter spat. Massachusetts Senator Elizabeth Warren called Musk a freeloader for not paying income taxes as she stresses enacting a wealth tax legislation that would require Musk to pay billions in taxes. The world’s richest […]

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FTX’s Sam Bankman-Fried believes billionaires should pay more taxes—including himself

In an interview with CNN, Sam Bankman-Fried, the CEO of FTX, supports the newly proposed wealth tax in the United States. The post FTX’s Sam Bankman-Fried believes billionaires should pay more taxes—including himself appeared first on CryptoSlate.

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How to Avoid Paying Taxes on Crypto [BUT DON’T DO IT, JUST PAY THEM]

Disclaimer: I’d like to point out what a wonderful institution the IRS is, and how I’ve always admired their brave and noble work, serving our great nation and keeping us safe from our wealth.   Another disclaimer: I’m not a tax advisor and this isn’t taxing advice.

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"Not the Solution": VanEck's Gabor Gurbacs on a U.S. Senator's Tax and Crypto Regulation Plans

Gabor Gurbacs, head of digital assets arm of VanEck, slams the enthusiasm of U.S. senator Elizabeth Warren toward new wealth tax

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Vitalik Buterin Donates Over $1 Billion worth of SHIB to India Covid Relief Fund 

Vitalik Buterin, the Russian-Canadian founder of Ethereum and vocal proponent of a wealth tax,  donated Ethereum and “meme coins” worth over $1billion to India’s Crypto Covid Relief Fund and a range of other charities.

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UK revenue authority to target cryptocurrency tax evaders

The U.K. tax authority is trying to crack down on wealth hidden in “unsanctioned” currencies.

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Those buying NFTs with Bitcoin or Ether may face tax surprise

With NFT sales on the rise, news agency CNBC revealed that buyers and sellers could face taxes on such transactions. According to the company's wealth reporter, Robert Frank, the US Internal Revenue The post Those buying NFTs with Bitcoin or Ether may face tax surprise appeared first on AMBCrypto.

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Bitcoin Is Going Through the Roof in Argentina While the Government Imposes New Taxes

Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2.

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Argentina Passes the ‘Solidarity’ Law to Confiscate Wealth

Argentina has approved the wealth tax that will impose a tariff on people with large fortunes in an attempt to boost its revenue. The third-largest economy in Latin America struggling with high inflation and an increase in poverty is heading into its third year of recession.

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Pro-Bitcoin Poker Player Mike McDonald Trolls Peter Schiff on Ignoring BTC as California Proposes Wealth Tax

Gold advocate Peter Schiff comments on the new wealth tax proposed in California, bringing a trolling response from Mike MacDonald for preferring gold over Bitcoin

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Bernie Sanders Tax Bill Will Cost America’s Super Rich Like Musk and Bezos Billions of Dollars

Coinspeaker Bernie Sanders Tax Bill Will Cost America’s Super Rich Like Musk and Bezos Billions of DollarsSanders wrote that despite the economic meltdown caused by the coronavirus pandemic, some tech giant has seen their wealth surge massively.

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Bitcoin Solves This: Bill Gates Talks About the US Wealth Gap

Bill Gates, the world’s second-richest person, recently published a blog post reflecting on 2019, in which he noted that his extreme wealth is unfair. Here’s why Bitcoin fixes this. US Tax System Needs Reform Bill Gates is still among the richest people in the entire world — second richest, with a net worth of $108.

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Warren Wealth Tax Would Cost Mark Cuban 500 Shark Tank Deals

Mark Cuban would pay over $100 million in the first year under Elizabeth Warren’s wealth tax. The Shark Tank star has suggested an ulterior motive behind Warren’s radical ideas. Billionaire Tom Steyer has criticized Cuban over his attacks on Warren.

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Bill Gates Extends Olive Branch to Elizabeth Warren Over Wealth Tax

Presidential candidate Elizabeth Warren has gotten a chilly reception on Wall Street, but one tech entrepreneur is willing to extend an olive branch. Microsoft Co-Founder Bill Gates said he would be willing to meet with the Senator to discuss solutions to wealth inequality and poverty.

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Billionaire-Hunter Elizabeth Warren Wants to Explain Her Wealth Tax to Bill Gates

Democratic presidential candidate Elizabeth Warren has offered to meet with Bill Gates to explain her proposal for a wealth tax.   The Massachusetts Senator reached out to the Microsoft founder in a tweet on Wednesday evening.

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Zuckerberg Practically Begs Bernie to Smack Him With $5 Billion Tax

Facebook CEO Mark Zuckerberg would pay more than $5 billion in wealth tax during the first year of a Bernie Sanders presidency. But the social media boss claims he wouldn’t mind the 8% hit to his net worth.

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Tax Strategies For Cryptocurrency Investors To Legally Minimize Taxes

Many cryptocurrency investors and taxpayers view the tax system as a drain on their wealth. They often say, if it wasn’t for taxes, I would have more funds to accelerate the growth of my portfolio and build wealth for my […] The post Tax Strategies For Cryptocurrency Investors To Legally Minimize Taxes appeared first on CoinMarketCap.

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How Elizabeth Warren's Wealth Tax Would Impact Jeff Bezos' Net Worth

Elizabeth Warren is running for president with a progressive policy platform that she affectionately labels “economic patriotism. ” A central plank of this platform is a “wealth tax” that will target Jeff Bezos, Bill Gates, and other billionaires who boast net worths comparable to the gross domestic products of many small countries.

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Wealth and Tax Advisor Says IRS May Be Targeting Crypto Traders, Not Investors

By now, most crypto investors know that the United States government has begun to crack down on the crypto industry, and has begun targeting those who have used Bitcoin and other crypto-assets for illicit crime.

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George Soros and Other Billionaires Beg 2020 Hopefuls for Wealth Tax

Paying a wealth tax is just fine for George Soros. He is among more than a dozen billionaires who make up the richest people on the planet and don’t think they’re being taxed enough to cover their fair share.

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Why Cryptocurrency Investors Are Renouncing Their US Citizenship

Andrew Henderson is the founder of Nomad Capitalist, a company which helps people from around the world move to different countries while minimizing their tax obligations. In recent years the company has created plans for dozens of people who made their wealth from the cryptocurrency sector, including business owners, traders, investors and consultants.

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Facebook is Under Fire but Billionaire Founder Zuckerberg’s Wealth Jumps $3 Billion

It seems investors and Facebook users still won’t be phased by increasing pressure on the social media giant and its CEO Mark Zuckerberg. Despite data privacy concerns, tax hits, and scrutiny from global governments Facebook’s share price has risen and with it Zuckerberg’s wealth.

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New York Democrats Salivate over Proposed $9 Billion Wealth Tax

New York’s transit infrastructure is in serious jeopardy. Following years of neglect and underfunding, the system allegedly requires a $40 billion investment over the next ten years, or it risks falling into what subway chief Andy Byford calls a “death spiral.

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Why Elizabeth Warren and Alexandria Ocasio-Cortez Need to Stop the Billionaire Bashing

In a Thursday interview on CNBC show Mad Money with Jim Kramer, Sen. Elizabeth Warren came out swinging against billionaires, saying: “You know that top one-tenth of 1 percent this year, taxes all in, they’re gonna pay about 3.

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Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

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[promoted] Equity Trust Forges a New Path for Crypto-Based IRA Investments

Asset diversification has long been touted as a critical strategy for wealth building. This method of portfolio management, which traditionally involves a mix of stocks, fixed assets and commodities allows for maximum return at the least amount of risk — an important element for retirement savings.

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