ME News reports that on September 5 (UTC+8), Bitcoin News posted on X that a new analysis by the Cornell Tech Policy Institute estimates that exempting capital gains taxes on small digital asset purchases could generate approximately $859 million in additional revenue for the U.S. federal government over the next decade. Senator Cynthia Lummis’s S. 2207 bill would exempt capital gains recognition for qualifying purchases under $300, with an annual capital gains exclusion cap of $5,000. According to the study, under core assumptions, each $100 of qualifying baseline spending generates $3.18 in net federal revenue. (Source: ODAILY)
Cornell Study: Exempting Small Bitcoin Transactions from Capital Gains Tax Could Increase U.S. Revenue by $859 Million Over 10 Years
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Bitcoin news: A new analysis by the Cornell Tech Policy Institute estimates that exempting small Bitcoin transactions from capital gains tax could generate $859 million in U.S. federal revenue over 10 years. Based on S. 22007, the study proposes exempting purchases under $300, with a $5,000 annual cap. Each $100 in qualifying payments could generate $3.18 in net revenue.
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