A new analysis from the Cornell Tech Policy Institute estimates that exempting small digital asset purchases from capital gains tax could increase U.S. federal revenue by approximately $859 million over the next decade. The S. 2207 bill, introduced by Senator Cynthia Lummis, would exempt qualifying purchases under $300 from capital gains recognition, with an annual exclusion limit of $5,000. The study shows that for every $100 in eligible benchmark payments, the federal government could gain $3.18 in net revenue under core assumptions.
Bitcoin News reported on X that a new analysis from the Cornell Tech Policy Institute estimates that exempting small digital asset purchases from capital gains tax could increase U.S. federal revenue by approximately $859 million over the next decade.
The S. 2207 bill, introduced by Senator Cynthia Lummis, would exempt qualifying purchases under $300 from capital gains recognition, with an annual exclusion limit of $5,000. According to the study, under core assumptions, every $100 in eligible benchmark payments could generate $3.18 in federal net revenue.
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