Cornell research links $300 Bitcoin tax exemption to $860M boost for US Treasury

Cornell researchers modelled a $300 de minimis tax exemption for Bitcoin transactions and estimate it would boost US Treasury receipts by roughly $860 million. The paper attributes the gain to improved compliance and lower reporting and enforcement costs under a clearer, higher threshold. For Bitcoin, the exemption would reduce tax friction on small payments and could encourage everyday transactional use by simplifying tax treatment. Policymakers may therefore see a $300 threshold as a revenue-neutral or revenue-positive way to legitimize small crypto payments while easing administration.