New York State plans to impose a 0.2% sales tax on encryption transactions, with annual revenue potentially reaching $158 million.

[Chain News] On August 16, it was reported that New York State Assemblyman Phil Steck proposed a 0.2% sales tax on cryptocurrency transactions, with the proceeds intended to help schools in Northern New York combat drug abuse. According to data from the platform for the years 2022 to 2023 and recent GDP statistics, it is estimated that this tax will generate $158 million in tax revenue annually.

PHIL1.87%
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DoomCanistervip
· 08-16 00:52
Why not just 2 instead of 0.2?
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TideRecedervip
· 08-16 00:31
Be Played for Suckers are already in line, right?
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NewPumpamentalsvip
· 08-16 00:31
The smell of the Communist Party is here.
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GateUser-44a00d6cvip
· 08-16 00:28
The wallet is going to be played for suckers again.
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