# \[Proposal\] Exclude IBC Assets from Taxation **URL:** \ **Category:** Governance & Proposals\ **Created:** [December 19, 2022, 12:05pm UTC](https://classic-agora.terra.money/t/proposal-exclude-ibc-assets-from-taxation/49021 "2022-12-19T12:05:14Z")\ **Posts on this page:** 1\ **Showing post:** 25
**Author:** ![rahul\_kumar](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/rahul_kumar/32/3086_2.png) [@rahul\_kumar](https://classic-agora.terra.money/u/rahul_kumar)\ **Post date:** [December 20, 2022, 3:50pm UTC](https://classic-agora.terra.money/t/proposal-exclude-ibc-assets-from-taxation/49021/25 "2022-12-20T15:50:13Z")
Sir with due respect please answer my one doubt why the benefit to brought proposal -5234. It was brought for the on chain volume. It has been two month no more on chain volume has come. Everyone is playing only with tax. Nobody thinking about utility. So please don’t harm burn tax. Please focus on utility rather than touching burn tax. > [@Lower the tax rate to 0.2% and set aside 10% of tax revenue to finance ecosystem infrastructure and contributors](https://classic-agora.terra.money/t/lower-the-tax-rate-to-0-2-and-set-aside-10-of-tax-revenue-to-finance-ecosystem-infrastructure-and-contributors/47415): > > Proposer : Akujiro (@Akujiro2) Author: Duncan Day (@wrapped_dday) Declarative Biases The proposer, Akujiro, owns staked LUNC. The author, Duncan, does not own LUNC or USTC, but manages an account for a firm, primarily in staked LUNC and LUNC liquid-staking derivatives (LSDs), and also is on probation for a Business Analysis position at Terra Rebels. Notes The author works with the proposer to develop a cohesive rhetoric for governance voting. There may be nuances in their individual opinion… --- _[View the full topic](https://classic-agora.terra.money/t/proposal-exclude-ibc-assets-from-taxation/49021)._