That’s the estimate of how much the proposed reporting requirements might raise, and Congress is evidently working off that estimate. But there are even more bullish estimates, such as the one from the National Taxpayers Union Foundation, which extrapolated from earlier data to estimate that there are about $50 billion in unpaid taxes on cryptocurrency gains.

That rather hefty revenue estimate is worth noting for those who are concerned that the proposed information reporting is meant to shut down or dramatically curtail the cryptocurrency industry in the United States. If Congress really intended to do that, the revenue estimate should be quite a lot less than almost $30 billion.

#shorts #cryptocurrency

cryptocurrency, cryptocurrency btt,cryptocurrency ethereum,cryptocurrency shiba inu,cryptocurrencies,cryptocurrencies 2021,cryptocurrencies falling,cryptocurrencies how it works,cryptocurrencies how to invest,cryptocurrencies dogecoin, cryptocurrencies today, cryptocurrencies novices guide, promising cryptocurrencies 2021, news about cryptocurrencies

свернуть