The new 'billionaire income tax' will only target about 600 to 700 Americans. The top .0002% will be taxed yearly on 'unrealized gains' from stocks and bonds. Currently, assets like that are only taxed when they're sold.
Unrealized Gains? So fucking ridiculous. Our politicians are mismanaging our finances.
Same chance of dying from covid
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Joe Biden unveils new billionaire's tax plan aimed at the top 0.0002%Billionaires use much of their money to buy non-taxed assets like stocks. The new plan would levy annual taxes on those assets, which rich people often use as collateral in loans for cash. That is a pipe dream. Biden is clearly out of touch with reality. Or he means to devastate the financial markets, which is why I have retreated to cash. Biden = chaos.
Source: Daily Mail Online - 🏆 135. / 51 Read more »
Pelosi ‘very confident’ Democrats will reach deal to salvage Biden agendaDemocratic infighting has threatened to upend Biden’s ambitious domestic agenda less than a year after taking office The dems will continue to bargain with themselves until the bill is a $20 gift certificate to Walmart. 'Salvage' ain't good enough. Please Keep the Paid Leave In!!
Source: The Guardian - 🏆 84. / 53 Read more »
Joe Biden unveils new billionaire's tax plan aimed at the top 0.0002%Billionaires use much of their money to buy non-taxed assets like stocks. The new plan would levy annual taxes on those assets, which rich people often use as collateral in loans for cash. That is a pipe dream. Biden is clearly out of touch with reality. Or he means to devastate the financial markets, which is why I have retreated to cash. Biden = chaos.
Source: Daily Mail Online - 🏆 135. / 51 Read more »
Dan Walker and Adam Peaty set for Strictly dance-off - new elimination evidence unveiledDAN WALKER and Adam Peaty may be set to dance their routines for a second time on Sunday after failing to impress the Strictly Come Dancing judges and the public. You posted this 4 hours ago - the vote wasn't even opened then. FFS!
Source: Daily Express - 🏆 26. / 68 Read more »
Rishi Sunak warning: Plan to crash UK economy ‘onto the rocks’– higher taxes 'not answer'DAVID DAVIS has hit out at Rishi Sunak, saying proposed higher taxes to help pay off the Government's pandemic spending are 'not the answer'. From what I can see we’ve already hit the rocks and he should be looking for a way to repair and re-float us. Can that be done while Johnson is at the helm though.
Source: Daily Express - 🏆 26. / 68 Read more »
Rishi Sunak to announce £500m package for familiesChancellor to unveil details in budget but Labour describes plan as ‘smokescreen for the Conservatives’ failure to deliver for families’ Crumbs I’m old enough to remember when the contents of the budget were strictly hidden until it was delivered. Now we get it all days before so no one is listening when they sneak out the bad news in the fine print I've learnt a lot from a mentor who were instrumentally in shape with me, and I want to share what I've learnt. Investing with you has changed my life Geoffreypreud
Source: The Guardian - 🏆 84. / 53 Read more »