Bitcoin Advocates Oppose New PARITY Act Over Mining Tax

Bitcoin advocates are questioning a newly drafted bipartisan tax bill, arguing the legislation aggressively penalizes miners with prohibitive tax structures. The draft legislation, known as the PARITY Act, was circulated by US Reps. Max Miller and Steven Horsford. The bill aims to overhaul the Internal Revenue Code to clarify the taxation of digital assets in The post Bitcoin Advocates Oppose New PARITY Act Over Mining Tax appeared first on BeInCrypto.