Reported 2 days ago
Missouri is on the verge of potentially becoming the first U.S. state to eliminate capital gains tax entirely through House Bill 594, which awaits Governor Mike Kehoe's approval. If signed, the bill would provide a 100% income tax deduction on profits from assets like Bitcoin and XRP, benefiting investors and real estate stakeholders alike. Currently, capital gains in Missouri are taxed as ordinary income, subject to a progressive rate. This proposal follows President Trump's federal tax reform suggestions, as all eyes turn to Governor Kehoe for a decision that could make Missouri highly favorable for investors.
Source: YAHOO