A new analysis from the Cornell Tech Policy Institute, highlighted by Bitcoin News on X, estimates that exempting small digital asset purchases from capital gains tax could generate approximately $859 million in additional federal revenue over the next decade. The study is based on the proposed S. 2207 bill by Senator Cynthia Lummis, which would exempt qualifying purchases under $300 from capital gains recognition, with an annual exclusion cap of $5,000. Under the analysis's core assumptions, each $100 in qualifying benchmark payments yields $3.18 in net federal revenue. The findings suggest a potential revenue-positive effect from exempting small crypto transactions.
According to a post on X by Bitcoin News, the Cornell Tech Policy Institute has released a new analysis estimating 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 analysis is based on Senator Cynthia Lummis's S. 2207 bill, which would exempt qualifying purchases under $300 from capital gains recognition, with an annual cap of $5,000 in excluded gains. Under the core assumptions, the study finds that each $100 in qualifying benchmark payments would generate $3.18 in net federal revenue. The analysis projects that the net fiscal impact over 10 years would be positive, adding $859 million to federal coffers.
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