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đšđșđž NEW BILL TARGETS PUERTO RICO'S CRYPTO TAX LOOPHOLE
đčRep. Nydia VelĂĄzquez (D-NY) introduces the Fair Taxation of Digital Assets in Puerto Rico Act
đčWould end federal tax exemptions for crypto staking, mining & trading income on the island
đčCurrent law lets U.S. investors avoid federal taxes by residing in Puerto Rico for 6+ months
đčEstimated $4.5B in lost revenue (2020â2026) due to crypto-related tax breaks
đčVelĂĄzquez: âItâs about fairness⊠you should be paying your share â no matter your zip codeâ
đčFollows her 2024 UPROAR Act targeting broader tax loopholes for wealthy mainlanders
#CryptoTax #PuertoRico #DigitalAssets #CryptoRegulation #Congress
-The Block$ETH $BTC
{spot}(BTCUSDT)
đčRep. Nydia VelĂĄzquez (D-NY) introduces the Fair Taxation of Digital Assets in Puerto Rico Act
đčWould end federal tax exemptions for crypto staking, mining & trading income on the island
đčCurrent law lets U.S. investors avoid federal taxes by residing in Puerto Rico for 6+ months
đčEstimated $4.5B in lost revenue (2020â2026) due to crypto-related tax breaks
đčVelĂĄzquez: âItâs about fairness⊠you should be paying your share â no matter your zip codeâ
đčFollows her 2024 UPROAR Act targeting broader tax loopholes for wealthy mainlanders
#CryptoTax #PuertoRico #DigitalAssets #CryptoRegulation #Congress
-The Block$ETH $BTC
{spot}(BTCUSDT)
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