WASHINGTON, March 27 — US President Joe Biden’s administration will include more taxes on the wealthiest Americans in its 2023 budget proposal, due to be released tomorrow, US media reported yesterday.
“This minimum tax would make sure that the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters,” said the document, cited by the Post. The tax would also target unrealized gains in the value of liquid assets, such as stocks, which are not taxed until they are sold.
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