With all the positive media coverage about Joe Biden, "you may have missed" that the new Biden administration has outlined a raft of tax increases, says Sky News host Sharri Markson. "The most controversial of which is a plan for a new tax on unrealised capital gains," Ms Markson said. "That's an annual capital gains tax on assets someone holds on paper - not just at the point of sale.
"This could be a house or shares. "There are also plans for an increase to the company tax rate." Ms Markson spoke to The Australian’s Adam Creighton about the issue. Discussing the plan for a new tax on unrealised capital gains, Mr Creighton said, "I think there's almost zero chance of it actually being introduced". "It would be very unworkable". "I'd be very surprised if it got through," he said.
JoeBiden SharriMarkson Make the top 5% pay for living in the land of the free and the NRA.👍
JoeBiden SharriMarkson All this money that has been printed in every country to combat Covid, has to be paid back. Tax increases are a must. Nothing comes for free.
JoeBiden SharriMarkson Ah yeah, it was one of the foundation policies of his campaign, so I don’t think anyone missed it. I know right...How novel that a politician is delivering on a pre-election promise.
JoeBiden SharriMarkson I hope every single unhinged leftie cops that tax increase hard & where it hurts.
JoeBiden SharriMarkson So sick of this ideology BS.
Obiwan_100 JoeBiden SharriMarkson They may need to in order to clean up dirty Donny’s mess don’t you think. Why doesn’t Donny return the donations he received into his personal account for his court cases to the people of USA. That’s right, he’s paying his $400M debt with that money. Such a great leader 🤦♂️🤦♂️🤦♂️
JoeBiden SharriMarkson Why are Australians supposed to worry about America's tax rates, Snarky Markson?
KurlyKrissy JoeBiden SharriMarkson Thqrs what Democrats do
JoeBiden SharriMarkson A progressive tax rate is a fairer way of distributing the burden of tax
JoeBiden SharriMarkson . ScoMo just gave tax cuts to our wealthy. You probably heard from Sky News that you got one, too. But it's a ruse - they didn't report the cuts past incomes of $100k. Earning $80k tax cut $2k. Earning $160k tax cut $14k. Does that add up to you? Is that the Aus we want? .
JoeBiden SharriMarkson . TAXES MAKE SOCIETIES GREAT AGAIN Not sarcasm. Truth. Society works together to provide for eachother using taxes. Electricity was cheaper. Healthcare was cheaper. Roads were cheaper. Everything is cheaper when we do it together. .
JoeBiden SharriMarkson Country needs revenue mate.
JoeBiden SharriMarkson Tax is good. Pays for the things we have that America doesn’t. I know, terrible right!?
SharriMarkson Didn’t he state that in the election campaign , but whoever you are, I assume you are with Sky because checking facts is not important
JoeBiden SharriMarkson Murdoch’s golden boy Trump is gone Now the constant attacks on Biden while he tries to fix the damage of the Trump / Murdoch years
JoeBiden SharriMarkson So what?
JoeBiden SharriMarkson Excellent!
JoeBiden SharriMarkson Sharri Markson? 😂😂😂😂😂😂
JoeBiden SharriMarkson Thank God Shari is right on it 🙄
JoeBiden SharriMarkson The worlds highest government debt. Massive wealth inequality across the country. Massive issues with poverty and access to health care. Seems like a good idea to me
JoeBiden SharriMarkson Excellent news
JoeBiden SharriMarkson yes, tax the rich and those who have been avoiding taxes.. i would agree with this except... it wont happen, unless they are of the opposite political spectrum google.. twitter.. etc wont be paying more.. bill gates etc.. will not be paying more..
JoeBiden SharriMarkson MurdochRoyalCommission MurdochFreeAustralia MurdochGutterMedia
JoeBiden SharriMarkson Taxing the rich is exactly what's needed, I just wish the rate of tax was higher.
JoeBiden SharriMarkson
JoeBiden SharriMarkson Good. America is trillions of dollars in debt.
JoeBiden SharriMarkson You're not hitting any targets you know 🙄
JoeBiden SharriMarkson Kudos to Biden
JoeBiden SharriMarkson ThisisNotJournalism ThisIsPropaganda MurdochRoyalCommission
JoeBiden SharriMarkson Idiotic writing
JoeBiden SharriMarkson Shari should be expelled from any credible journalist paper tbh
JoeBiden SharriMarkson Ya mean that Rupert and his cronies will have to pay more accountants/lawyers money to find new ways to syphon money into tax havens? The poor Buggers. Wonder if he'll bring in a wealth tax as well. That'll have your life-sucking deities heading for the bunkers.
JoeBiden SharriMarkson You guys r idiots
JoeBiden SharriMarkson Trump TV Australia .... fuck Murdoch media sux .... all those actions were what he went to the polls promising - and not 'Mexico will pay for the wall' type fictional promises
JoeBiden SharriMarkson How dare he attempt to slow billionaires profits! More at 6!
JoeBiden SharriMarkson Election promise. He ran on it and got elected. What’s the problem?
JoeBiden SharriMarkson People look it up for yourselves. American debt levels blew out under Trump.
JoeBiden SharriMarkson So, what’s your problem? That’s how you pay for structural reform, especially if those on high income levels pay their fair share.
JoeBiden SharriMarkson If the US didn't print its own world currently, those Republican economic geniuses Bush & Trump would have bankrupted it. Raising taxes is just more housekeeping
JoeBiden SharriMarkson Sharri ...Do Aussies actually care and how many in your audience pay US taxes?
JoeBiden SharriMarkson People think it is going to be different than any other administration. Cue the public moaning about thr government again for the next 4 years.
JoeBiden SharriMarkson Biden’s policies are everything goes opposite president Trump’s policies. America last, tax increase, increased medical expenses, open borders for refugees, open market for Chinese companies, spend more money on the useless WHO and so on. 😅
JoeBiden SharriMarkson And this is a good thing The only way to a fairer society.
JoeBiden SharriMarkson *For people that earn over $400,000. About time they paid their fair share.
JoeBiden SharriMarkson Makes sense. Trickle-down economics doesn’t appear to have worked anywhere, and especially not in the US.
JoeBiden SharriMarkson He was crystal clear about them. No one earning under $400k annually will be effected
JoeBiden SharriMarkson MurdochRoyalCommission
JoeBiden SharriMarkson and this affects me how
JoeBiden SharriMarkson good, they might not shoot themselves in both feet this time. their irrational attachment to right wing economics led to them screwing up so badly that their life expectancy dropped since the 2008 recession. unless this is them dying that again with deficit phobia?
JoeBiden SharriMarkson Indeed. For people who would feel it like buying the family ice creams. They can cope.
JoeBiden SharriMarkson God help if Rupert should ever have to pay tax
JoeBiden SharriMarkson The American mainstream media will only report on positive spin Biden stories, he won't be held to the same standards as Trump.
JoeBiden SharriMarkson To the rich! Tax reform for the RICH!
JoeBiden SharriMarkson Reputable news sources reported Biden will introduce increases for people earning 400k and large corporation but not right now as focus is on getting a national pandemic strategy in place.
JoeBiden SharriMarkson Uh oh. Old Rupe is going to pay more in tax! (Just kidding...he has an array of companies in offshore tax havens and never pays tax). Nice bit of Fox Faux outrage though. Nice work. Earning that bonus.
JoeBiden SharriMarkson Sky behaving like sore losers?
JoeBiden SharriMarkson Has Murdoch paid appropriate tax?
JoeBiden SharriMarkson Honestly what planet are these people on....it was part of his policy platform...
JoeBiden SharriMarkson Aside from the fact every thing Biden has done is per his election promise, there is nothing better than reading Sherri’s take on US politics without her spending any time in the US. I sure hope she has cleared these opinions with Morrison and Murdoch being their press secretary
JoeBiden SharriMarkson more wind passing by Sky News they need to see a Doctor
JoeBiden SharriMarkson Shit yeah. I wish they’d do that here.
JoeBiden SharriMarkson He promised that in his campaign...were you too busy kissing tRump's arse to notice?
JoeBiden SharriMarkson Is that True? Or just More Bullshit you’d typically hear on SkyNewsOz?
JoeBiden SharriMarkson Yeah. We know. It was part of his campaign. Now pack your crayons away.
JoeBiden SharriMarkson Joke.... Sky whingers carry on about ABC bias. Lol... Look at the last 10 posts by biased sky's Murdoch puppets.
JoeBiden SharriMarkson Ohh reaaaaallyyy
JoeBiden SharriMarkson Good tax the rich u til they bleed
JoeBiden SharriMarkson Oh you mean tax cuts for middle income people Sky LIE News ? Murdoch BS
JoeBiden SharriMarkson Fuck yeah, I love when politicians tax rich assholes who would rather let their country burn down, then give their fair share to society. Let them squirm like the worms they are.
JoeBiden SharriMarkson He has always promised to tax big businesses
JoeBiden SharriMarkson It won't be long until Australia has tax increases as well. Where else is the money going to come from to repay all the covid benefits paid out. Its only a matter of time and we would be unreasonable to think its unfair.
JoeBiden SharriMarkson President of the USA Joe Biden 'I don't know what I'm signing' but signs it anyway! 😱
JoeBiden SharriMarkson has put out some stupid tweets today.....he campaigned on tax issues ffs you are suppose to be a news service, stop believing your own propaganda
SharriMarkson Where do you find these ‘hosts’? What a bunch of rabble rousers
JoeBiden SharriMarkson So taxing the rich more? Good.
KurlyKrissy JoeBiden SharriMarkson 'but it's only for those earning over $400K'
JoeBiden SharriMarkson He knows that tax cuts to big business don’t help the economy...Australia is proof of that...trickledown is a myth
JoeBiden SharriMarkson He campaigned on it 🙄
JoeBiden SharriMarkson It was in his election platform...keeping promises.
JoeBiden SharriMarkson Who cares its not our country
JoeBiden SharriMarkson That would be a good move, considering Trump cut taxes of the very rich.
JoeBiden SharriMarkson Flat tax on high income earners ? Obama was right.
JoeBiden SharriMarkson Tax increases on corporations and the wealthy is good actually.
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