By Matthew Makowski The rumor mill was aflutter after talk of a so-called Janet Yellen crypto tax surfaced. The slippery-slope news rose after some details of the Biden Administration’s tax plan were revealed. President Biden’s American Family Plan is projected to include a sizable increase in the top federal tax rate on long-term capital gains and qualifying dividends. So, certainly crypto investors were next on the chopping block… Right?
Well, it could stand to reason that some updates in the tax code will be made to try and keep a closer eye on the crypto-sphere. And you know Uncle Sam’s not going to say …read more
