Free NewsletterPro Login

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */

Crypto Windfall of $1.4 Billion for Trump Sparks Tax Questions

Published Jul 3, 2026
Share:
Summary:
  • President Donald Trump reported $1.4 billion in cryptocurrency income on his financial disclosure.
  • One accountant estimates Trump owes at least $250 million in taxes on that income.
  • The exact amount is unknown because Trump's tax returns are private and the money flows through opaque corporate structures.

But nobody - not even tax experts - can say how much he actually owes the IRS. The president keeps his tax returns secret, and his income is hidden inside a web of business entities.

This contradiction lies at the heart of a tax enigma that could cost Trump hundreds of millions of dollars. Experts concur on only one point: the tax bill is substantial.

The $1.4 Billion Crypto Payday

Two sources account for most of that money. Celebration Coins paid Trump $625 million in royalties from a licensing agreement for his $TRUMP meme coin. World Liberty Financial, a crypto company co-founded by Trump and his sons, paid him more than $590 million from digital token sales and an equity stake sale.

Get your free investing masterclass bonus when you join Market Briefs, our free daily newsletter

If the entire $1.4 billion were taxed at the top individual income rate of 37% with no deductions, the tax bill would be $518 million. But that's a theoretical number. The real figure could be much higher or lower, depending on how the income is classified.

The White House declined to respond to questions about any taxes Trump paid on the crypto income, whether it was taxed on an individual or business basis, and whether any operating losses were applied to his crypto-related tax bill.

Tax experts face a major problem: they can't see inside Trump's financial structure. Omri Marian, a law professor who specializes in cryptocurrency taxation, described it this way: "What we know is that he did very well for himself, but we don't know how the beneficial ownership is structured. This is like looking at a black box and I can't see inside."

According to the IRS, digital assets are subject to the same capital gains taxes as transactions of traditional securities. But Marian said because of the limited descriptions of the income sources on his financial disclosure, it's impossible to determine whether the money would be considered capital gains or ordinary income.

The Settlement That Blocks the IRS

The tax question gets even trickier because of a separate legal deal. In May 2026, the Justice Department signed a settlement agreement with Trump that included a more than $1.7 billion "anti-weaponization" "fund that would offer payments to people who alleged they were victims of government" "lawfare." The settlement also contains language that bars the IRS and Treasury Department from pursuing claims against Trump based on his prior tax returns. The agreement says the agencies are "FOREVER BARRED and PRECLUDED" from doing so.

"The fund outraged Democrats and Republicans alike, and its creation was paused by a federal judge. Acting Attorney General Todd Blanche subsequently told Congress the Justice Department was" "not moving forward with the fund."

Marian noted the difficulty of guessing Trump's tax situation without more information. "It's really, really difficult for me to say what the tax consequences are for him personally and for the entities involved, without knowing much more about them," he said.

Subscribe to Market Briefs, our free daily newsletter, and claim your bonus investing masterclass

Disclosure

Recent News

1 2 3 … 98

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

October 5, 2026
What Is the Briefs Connector? A Simple Guide
  • The Briefs Connector lets your favorite AI read Briefs research, like Pro reports and the Briefs Score.
  • Without it, an AI asked about investing can give answers that sound right but aren't backed by that research.
  • It explains the research, but it won't tell you what to buy or sell.
Read More
October 5, 2026
Is a Recession Coming? What the Last Five Rate Hiking Cycles Say
  • The Fed has started raising rates again, and in the last five hiking cycles going back to 1994, a recession never started while the hikes were underway.
  • The pain showed up where there was a bubble to pop - housing in 2008, dot-coms in 2000, the pandemic money-printing boom in 2022 - and usually after the hikes ended.
  • Private equity and private credit are feeling this cycle first, and how far the pain spreads depends on how high rates go and how long they stay there.
Read More
October 2, 2026
Fed Interest Rates May Rise Again in 2026 - and the Newest Culprit Is AI
  • Fed Governor Barr told a meeting our head of investing research attended that higher rates are likely in 2026, lower inflation may not come soon, and AI is now pushing prices up.
  • The same week, President Trump asked the biggest AI companies to police themselves under an accord that's morally but not legally binding, because the White House sees AI as a race with China.
  • Higher rates put downward pressure on asset prices and squeeze borrowers, but the way through hasn't changed: own investments, buy on a schedule, and treat downturns as discounts.
Read More
October 1, 2026
Housing Market 2026: Why Office Buildings Are Cracking Before Houses Do
  • Office buildings are selling for 80% to 95% off because their five-year loans are resetting at much higher rates while half-empty floors have gutted the income those buildings are valued on.
  • Housing is under pressure, not cracking: a $400,000 mortgage costs $975 more a month than at 3%, but six of every seven mortgages are still under 6% and those owners are staying put.
  • Whether pressure turns into cracks is a race between unaffordability and the economy, and either way Jaspreet's rule is to treat your house as a liability and buy only what you can afford.
Read More
September 30, 2026
Dividend Investing vs. Growth Investing: Why the Slower Portfolio Can End Up Bigger
  • "What stock should I buy?" is the wrong first question. Growth, income, or wealth preservation comes first, and the goal changes which stocks even make sense.
  • At $500 a month for 30 years, 13% growth builds about $1.75 million. 10% growth plus a reinvested 4% dividend builds a little more than $2.2 million and pays a little more than $80,000 a year.
  • Income investors have US dividend ETFs, REITs, and international dividend funds to study. Growth investors have the Nasdaq 100, AI and chip funds, and small caps. None of it is a recommendation.
Read More
September 29, 2026
Why Is Gold Going Down? A 5.2% Treasury Yield Just Took Its Job
  • President Trump rejected Iran's deal to reopen the Strait of Hormuz, oil prices jumped back up, and gold fell instead of rising.
  • Treasury yields hit their highest level in more than 20 years, so investors sold gold and bought Treasuries that pay interest.
  • Higher Treasury yields make the national debt, mortgages, car loans, and credit cards more expensive, with the Fed's next rate decision due October 28.
Read More
September 28, 2026
The Strategic Bitcoin Reserve: Why the Government Wants Bitcoin to Explode
  • The US government holds about 328,000 Bitcoin, worth roughly $25 billion, and since a 2025 executive order it keeps seized coins instead of selling them.
  • Washington wants a bigger pile of assets so its $40 trillion national debt looks smaller next to them, which lets it keep borrowing and spending.
  • Bitcoin's wild price swings, and a government holding a coin built to escape governments, are the two risks investors need to watch.
Read More
September 25, 2026
BRIEFS EXCLUSIVE: 43% Of Respondents Say Bills Outran Their Income Over Past Two Years
  • 43% of the 494 Market Briefs readers surveyed said their bills grew faster than their income over the past two years, even though 79% could cover a surprise $5,000 expense tomorrow.
  • Half of readers own gold or crypto, the two classic bets against a weaker dollar, and only 13% bought nothing at all in the last 12 months.
  • The median reader says it takes $150,000 a year to feel financially secure, about $62,000 above the U.S. median household income.
Read More
September 25, 2026
The Economy Is Booming. So Why Did Stocks and Bonds Fall Together?
  • S&P Global says the US economy is growing at its fastest rate since 2021, with corporate profits up 28.9% in a year, almost four times the historical average.
  • Stocks and bonds fell at the same time, which is not how the two markets normally behave, because Treasury yields above 5% now compete with stocks for investors' money.
  • Jaspreet Singh lays out three ways to invest through a shift like this: always be buying, buy the crash, or follow the money before it hits the headlines.
Read More
September 24, 2026
The 2026 Economic Reset Is Starting: Are We in a Recession, or Is the Pain Still Ahead?
  • The Federal Reserve has flipped from stimulating the economy to fighting inflation with higher interest rates, while the White House still wants growth at almost any cost.
  • The national debt tops $40 trillion, has outgrown the entire U.S. economy, and its interest payments are now the government's fastest-growing expense.
  • Higher rates bring pain for private equity, private credit, and speculative assets, but they open opportunities for investors holding cash, treasuries, and value assets.
Read More
1 2 3 … 28
Share via
Copy link