Breaking news, here is the proposed tax changes
I will be weighing in once I get some more information and will articulate what it means for you if you are in crypto currency.
If the capital gains rates stay unchanged but are tethered to the income tax bracket, depending on where those fall you could potentially save on long term capital gains. If you are short term trader, depending on to what level of gain you have, this could benefit or hurt you since your short term gains rates are the same as your income rate. Going from 3 brackets down from 7 means that you could potentially get pulled into a higher rate.
If you have significant gains, you will benefit from AMT being dropped for individuals.
I am curious to see what they mean by modernizing tax code, it's vague language but we will see what happens.
As more becomes available I will edit the post/comment
