The Treasury Department and Internal Revenue Service delivered interim guidance that would hand companies with large crypto holdings a free pass. https://t.co/nhqxVtL7K8 ...

This is massively bullish for all US crypto investors.Here's why...The US Treasury and IRS have already issued guidance allowing companies to exclude unrealized crypto gains from corporate minimum tax guidelines.This is MASSIVELY important for companies like MicroStrategy and all of your favorite digital asset treasury companies.They could've faced billions in tax liability on unrealized Bitcoin gains.(And been forced to sell...)Today, the Senate Finance Committee held a hearing Wednesday with representativ ...

Regulatory Changes - Treasury Department is preparing to formally relax a proposed rule to tax unrealised Bitcoin gains under CAMT [1] Cryptocurrency - The report focuses on Bitcoin and its tax implications [1]

JUST IN: 🇺🇸 U.S. Treasury Department to relax proposed rule taxing unrealized Bitcoin gains under CAMT. https://t.co/1RwxUg6Dl5 ...

JUST IN: 🇺🇸 Treasury Department is preparing to formally relax a proposed rule to tax unrealised #bitcoin gains under CAMT. https://t.co/fs4ODVDdE8 ...

Core Insights - Warren Buffett's net worth is estimated between $139 billion and $142 billion, while the U.S. population is approximately 335 million [1] - If Buffett distributed $100 to every American, the total cost would be $33.5 billion, leaving him with approximately $105.5 billion [2] - The distribution scenario involves hidden costs such as taxes and market impacts, referred to as the "rake" [2] Financial Implications - Buffett's wealth is primarily tied up in Berkshire Hathaway stock, making it less liquid [3] - To access $34 billion in cash, Buffett would need to sell a significant portion of his stock, which is restricted by SEC regulations [4] - Selling too quickly could negatively impact Berkshire's stock price, further reducing his net worth [4] Tax Considerations - Distributing $100 to each American would not incur taxes for the recipients, but Buffett would face capital gains tax of up to 23.8% when converting stock to cash [5] - This tax could amount to approximately $8.3 billion before any distribution occurs [5] Administrative Challenges - Buffett, as a private citizen, lacks access to government databases like the IRS and Social Security, necessitating investment in administrative logistics for distribution [5]

My youngest brother went to a very liberal university back in the day. Naturally many of his political opinions were tinted by that experience.We’d get into arguments at family gatherings and I told him once he graduates and starts working he’ll see my side.Fast forward a few years and he gets his first job which included a $20,000 signing bonus.He called me and said “Bro there has to be a mistake, my signing bonus was $20k but they only sent me $12,000!?”I replied “welcome to the Conservative Party”threadg ...

One way or another, the taxman is coming for France’s wealthiest citizens. Read more: https://t.co/JVrOxNMsFI📷: Kiran Ridley/AFP/Getty Images https://t.co/OqIslk43le ...

One way or another, the taxman is coming for France’s wealthiest citizens https://t.co/gRXBy4wQs2 ...

Risks & Concerns - The industry highlights the danger of a total loss of freedom and sovereignty due to the potential control governments and banks could exert over individuals' finances through crypto [1] - The industry expresses concern that governments and banks may gain the ability to not only tax and freeze funds but also control spending and monitor activity via crypto [1] - The industry warns that this control already exists in parts of the internet and will worsen when applied to life savings [1] Recommendations & Strategies - The industry suggests holding truly decentralized crypto coins like BTC and privacy coins like ZEC as a defense or insurance against financial control [1] - The industry views unstoppable private money as the "2nd amendment of the internet," advocating for its importance in maintaining financial freedom [1]