Amnesty Needed for Crypto Traders

Clinton discusses the issue of tax non-compliance among US crypto investors. Despite the IRS Commissioner's announcement that the IRS could bring in another $1 trillion if given additional funding, there are many crypto investors who haven't paid taxes on their crypto income, leading to a $46 billion increase in funding for digital asset enforcement. This problem is most prevalent among taxpayers aged 18 to 44. The cause of this epidemic of non-compliance is mainly ignorance and confusion. Non-compliance can lead to severe fines or criminal prosecution, so it's essential to address the issue now as the IRS is collecting data on taxpayers from 2016 onward. Clinton proposes a tax amnesty to heal this rift and increase tax compliance.

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