Cornell research links Bitcoin tax-exemption proposal to $860M US Treasury boost
TradingView News reports Cornell research suggesting a Bitcoin tax exemption could reduce investors’ IRS reporting burdens and boost US Treasury receipts by $860M, alongside a cited $300 exemption angle.
Buying a coffee with Bitcoin currently requires you to calculate the capital gain or loss on the fraction of a coin you spent, report it to the IRS, and pray you didn't mess up the cost basis.
Cornell research suggests there's a better way, and it would actually make the government money.The study…