The United States may reform the Bitcoin mining tax system, and miners' tax burden is expected to be significantly reduced.

On August 5, the Digital Asset Working Group of the White House suggested in a 168-page Crypto Assets report that the IRS clarify the tax point for Bitcoin Mining income, or alternatively, tax it at the time of sale, to avoid double taxation of "Mining income tax + Capital gains tax on sale."

An executive of a digital asset service company stated that this move could significantly reduce the tax burden on miners and accelerate the popularization of Bitcoin. Similar tax deferral proposals have been put forward in Congress, such as H.R. 8149.

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ChainChefvip
· 08-07 14:42
finally the tax recipe is getting less salty... miners can breathe while their btc marinates
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BridgeTrustFundvip
· 08-05 13:52
The regulators have finally woken up.
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GhostAddressMinervip
· 08-05 13:48
Hmph, address tracking tells me to be bearish on this expectation. Large miners have already been quietly migrating abroad.
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LostBetweenChainsvip
· 08-05 13:34
Dad has finally come to his senses.
View OriginalReply0
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