“a lot of depressing sh*t coming down the pipe there that really p*sses me off. It’s just an endless river that one. Why do we pay taxes when we can print trillions of dollars?”
The tax hike news coincided with a heavy market correction, with almost all crypto tokens hit with double-digit losses. Should the proposal pass, Hoskinson said he would see a two-fold increase in his tax liability. But how does he plan to deal with the issue?
Crypto Markets Dump as Tax Hike Proposal Announced
President Biden is thinking about doubling the capital gains tax for wealthy individuals to pay for social spending. Those at the top rate, earning $1 million or more, could be hit with a federal tax rate as high as 43.4%.
Both traditional and crypto