'These revelations make me sick' — Cramer suggests a billionaire surtax after ProPublica bombshell

"They obviously are able to avoid paying income tax. Not evade. But avoid. And I know avoid is legal and the government says you can do everything you can to avoid. I think that has to be changed," the "Mad Money" host said on"There's not billions of billionaires. Let's come up with something for this small group," added Cramer, who spoke in generalities about a billionaire surtax.

Following this week's ProPublica report, Democratic Maryland Sen. Chris Van Hollen and Democratic Virginia Rep. Don Beyer reintroduced their "Millionaires Surtax" legislation, more akin to what Cramer put forward, except the bill would tax a much wider swath of rich Americans.

MadMoneyOnCNBC jimcramer Would love a show about companies and the markets without being subjected to his hypocritical rantings. Any suggestions?

MadMoneyOnCNBC jimcramer NakedShorts FinancialTreason amcshortsqueeze

MadMoneyOnCNBC jimcramer Wow!!! coming from jimcramer

MadMoneyOnCNBC jimcramer If Cramer was good at investing he’d have as much money as Paul Tudor Jones.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer says he's 'not against' GameStop, AMC at current trading levelsWhile GameStop and AMC shares are worth buying here, the 'Mad Money' host recommended investors protect profits if they bought at lower levels. Who cares what he thinks We👏🏽don’t👏🏽care who cares
Source: CNBC - 🏆 12. / 72 Read more »

American billionaires avoid taxes by borrowing money: ProPublicaThe wealthiest Americans avoided billions in taxes by voluntarily doing something most only do out of necessity: borrowing money. poor people should not pay taxes elonmusk JeffBezos BillGates any chance you'd be willing to send be 1 bitcoin. According to this article you're in a great space to do so. Interesting read, I noticed Carl Icahn said 'I didn't make money because, unfortunately for me, my interest was higher than my whole adjusted income' if I'm not mistaken he uses margin loans from his stock investments their not that bad if use wisely I use them too.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Endearingly Earnest Appeal of Now You See Me's Literal Movie MagicToday, Jon M. Chu's In the Heights hit theaters. Five years ago, his Now You See Me 2 continued a franchise's endearingly earnest movie magic. Here's justbrizigs with an appreciation of the magician/criminal series:
Source: PasteMagazine - 🏆 392. / 55 Read more »

Olivia Rodrigo Fans Defend Her Against 'Anorexic' CommentsTrolls started commenting about the star being 'too skinny.'
Source: papermagazine - 🏆 409. / 53 Read more »

Cramer says he's 'not against' GameStop, AMC at current trading levelsWhile GameStop and AMC shares are worth buying here, the 'Mad Money' host recommended investors protect profits if they bought at lower levels. Who cares what he thinks We👏🏽don’t👏🏽care who cares
Source: CNBC - 🏆 12. / 72 Read more »

How the richest Americans pay little or no income taxBillionaires like Jeff Bezos, Warren Buffett and Elon Musk pay little in income tax compared to their wealth, according to a new ProPublica investigation. Anand Giridharadas and Josh Barro join Morning Joe to discuss. As always the wealthy manage to avoid the tax bracket of most working Americans and find a way to justify my 38% to their 0% in stocks...hell if I had that money I could evade taxes too This is Outrageous . These huge tax exceptions for the Rich & Famous are probably going on in other countries such as Canada, UK & France as well, we shall see -:)) And these are the folks who 'advice' the Government on how to spend the Tax payers $$$ 😏
Source: MSNBC - 🏆 469. / 51 Read more »