From Bitcoin.com
It has been 31 years since the United States addressed its labyrinthine tax structure. The 115th Congress passed a bill slicing seven income brackets on individuals to four, tweaking them mostly downward and slightly, lessening the corporate tax, and increasing deductions here while limiting others there. For bitcoiners, An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 tax legislation, signed into law by President Trump, closes a potential major loophole.Read more: https://news.bitcoin.com/trumps-new-tax-bill-means-changes-ahead-for-us-bitcoiners/A Loophole That Might’ve Been Is No More Under Trump
When it comes to taxes, savvy bitcoiners know to trust no one. Seek professional advice. Tax revenue agencies are notoriously unresponsive, but with expropriation they’re all about getting the job done. Make every effort to comply with tax law as circumstance dictates. The days when under a thousand Americans even bothered to file crypto gains are probably long gone.The last time US tax code was overhauled, it was 1986: Top Gun smashed box office receipts, Reagan was president, and Bill Buckner’s legs became world famous wickets (and punchlines) through which the hapless Metropolitans would claim title to World Series champions.
I can only hope that Trump doesn't try to fuck this all up for us.
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