• Is it Really Possible to Add $28 Billion to the Budget by Taxing Cryptocurrencies?

    Is it Really Possible to Add $28 Billion to the Budget by Taxing Cryptocurrencies?

    Cryptocurrencies came under pressure this autumn when Congress saw the fledgling business as a way to earn tax money. Congress had all it needed to say it had secured $28 billion in projected tax income over the next 10 years in just a few short pages and two modifications to the Internal Revenue Code. Is it true, though, that taxing cryptocurrencies will bring $28 billion to the government's budget?