Biden has proposed to add a 30% tax on cryptocurrency mining electricity as well as a 40% increased capital gains tax. This is a direct target on the crypto industry, and would decrease ROI on all mining profits, and overcomplicate the already complicated cryptocurrency taxes. Earn easy passive income mining with this miner – https://voskco.in/evg
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In the recent cryptocurrency-related hearings, the United States Government has made it very clear that overall they do not understand blockchain technology or cryptocurrency. They are extremely far behind and rather than try to understand the industry, they are trying to shut it down. There are a few outliers within our Congress and House of Representatives that have become champions of the crypto space, including Congressman Tom Emmer and Senator Cynthia Lummis. President Biden is trying to pass continually negative crypto tax implications that just don’t make sense. Here’s where we stand.
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Biden Crypto Tax – https://twitter.com/BitcoinMagazine/status/1633933119920168965?s=20
Capital Gains Tax – https://twitter.com/KingBlackBored/status/1633956429915729920
Top Crypto Exchanges Ranked by Trust Score – https://www.coingecko.com/en/exchanges
Timestamps!
00:00 New terrible crypto tax laws…
01:06 30% tax on crypto mining electricity
03:17 Why US crypto laws are terrible right now
05:58 Crypto exchanges & US regulatory issues
08:16 Senators aren’t helping the crypto situation
12:58 How to fight these new crypto laws together
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#VoskCoin #cryptocurrency #cryptonews #cryptotax #tax #biden #cryptomining #mining
42 Comments
Earn easy passive income mining with this miner – https://voskco.in/evg
CryptoMinerBros sells ASIC mining rigs – https://voskco.in/cmb
Coin Mining Central sells Bitcoin miners – https://voskco.in/coinmc
Subscribe – https://voskco.in/Sub
LMAO!! This video is mad entering!! In another way crypto is a waste of our electricity and power systems, not to mention all the materials that's goes into making minors is another waste of our natural resources!
No!!!
Govt will alway steal from you when you make $$ they want their 71%
The Banks are failing. Look at what has happened to the silicon valley banks.
Blame the rugs. So much garbage people promoting garbage coins and projects. And yes I'm talking to you too man. Influencers and shillers ruined all of this. And now it forced the government to step in. Don't blame Biden for just a suggestion. You know that the tax won't be that high. If it is then shame on me
The problems are the whales and miners who do not address the problem that new and small crypto investors deal with. like buying crypto and paying crazy gas fees, or fake platforms that take people money and you are left with no one to report to because some of the scams are in the internet and not physical addresses. miners who can afford to sell some of the miners themselves and instead are making money from mining companies because they are promoting the company with a special code. This allow for a slew of problems like, it takes months or they just steal your money. cry me a river, you are rich and you are on here crying about taxes. I've followed you for a while and I think this video shows how privileged you are. do not try to compare yourself to regular people because you are not. some of us are out here living check to check. where was your solutions when ftx and other platforms fucks up and steal people money that doesnt hurt you it hurts the most vulnerable who are trying to invest and are hanging on your every word and others like you. If the crypto community does not even address the slew of problems it has with scams and fees and god knows what else. crypto needs to be regualted because obviously it can't regulate itself. so stop being a clown and help with solutions.
Vosk [RESPECT] 🙏
What next are they going to swat team you in your house and your family, because you are promoting a fraud which in their mind is cryptocurrencies you are a terrorist promoting fraud on the American people.
Fjb
Is that a Tail's game @ the end 🐶🤔🤓🤓🤓
Let's go Brandon FJB
they just want as much as they can get there hands on , endless greed
a little bit like the uk taxed on our money then taxed when we spend it infact taxed every time we spend it
How about just set up a solar system off the grid.?
The American dream is dead. Sucks we can’t trade and make money. We have dinosaurs in congress
Thx for talking for me today Drew!!
Even tho i'm from Canada, we're ALL getting a beatting from our "Leaders".
The land of the free, right? 🤦🏻🤣😂. Mental just doesn't quite cut it.
awww man I thought whats Vosk gonna do if Biden does this
Smh
The government is greedy
Your government will confiscate your crypto.
If the covid thing didn't wake you up then nothing will.
Your government works for Klaus & king Charlie through the WEF.
They have one goal. Get the world population down to 800 million. If you're reading this that unfortunately doesn't include you or me. They want us gone.
The executive branch shouldn't have that power, that is for legislative. And FJB!
I've said this on other channels, I think I may have even said it here, but everything the government does these days is about control, and if they can't control it they will do everything they can to kill it.
They don’t want anyone messing with the petrodollar if crypto, takes hold the US dollar will fall as the world currency. It’s a simple as that they’re bastards.
00:20 this channel is crazier
00:35 come to me got low taxes here in anime land
i will say it again and again.. thank the democrats for destroying everything
9:30 corrupt fools 🔥
10:10 iran 2.0
I'm new in crypto how can I make more profitable investment in the market now, without incurring much losses?
12:10 a mining rig is the same as a gaming console or a pc, experts need to make these crusty old fucks know and stfu
nice vid vahsk
The point isn't taking for income, its to tax it and regulate it out of existence. Tax dollars don't matter, they print money whenever they want. The point is to remove any forms of currency that they can't control. The point is to drive everyone to a cashless society controlled on a us dollar crypto. Then they can tur. Your dollars on and off whenever they want. Its all about power and control.
here comes the next crash ? how the hell did you guys get him for president? sounds like a china plant …. 🙂
your rants so right on man like seriously tax my income and thats it tax on tax on tax is complete bs.
They don’t know how to create , they want put some taxes on how have the knowledge to create.
Good thing the republicans in the house wont allow it.
I'll pay 30% tax on my power use if I don't have to claim mined coins as income.
the 1inch app doesn't allow the U.S either which is pretty sad they don't allow a vpn either.
They just want to tax it till it goes away they don't want crypto
I just curious how many crypto investors and crypto miners voted on Biden? XD
I hate to say this but the public let it get to this point. No body called the dog working in the state to bark and say no to these taxes.
So need to hurry up and move to El Salvador. Or even Puerto Rico.
Now you know that the US politics don't care about you.