Trump’s new 5% remittance tax bill will let the government track your money. Here’s how to avoid that

Trump’s proposed 5% remittance tax will mainly target services such as PayPal and MoneyGram, seeking to improve the government’s ability to monitor international money transfers.

Peer-to-peer crypto transactions are exempt from this tax, making cryptocurrencies more attractive to users looking to evade traditional remittance fees and surveillance.

Disputes among Republicans over Medicaid cuts and SALT deduction limits are delaying the bill’s passage, with discussions continuing amid concerns about social program cuts.