Biden’s capital gains tax proposal could crush the economy, experts say
President Biden’s latest proposal to raise capital gains tax rates to the highest level in more than 100 years has come under sharp criticism from experts who warn that such a step could have a significant negative impact on the U.S. economy. ing. The president’s fiscal year 2025 budget proposal would raise the top marginal […]
Biden’s capital gains tax: What’s at stake for Bitcoin holders like you? – AMBCrypto News
Biden’s 44.6% capital gains proposal has raised questions in the cryptocurrency community about its impact. Views differ on Mr. Biden’s tax increases, with some concerned and others indifferent. With the US election just around the corner, all eyes are on President Biden’s 2025. budget proposal. Mr. Biden proposed raising the capital gains rate to a […]
Ex-Packer David Bakhtiari Calls for Flat Tax
It’s been less than 24 hours since the NFL Draft began, and football buzz is heating up. That means it’s time to start talking about tax reform. you read that correctly. The former Packers left tackle posted a solution to the country’s tax problem on X Wednesday. His solution? It is a flat tax. “I […]
Billionaire tax to bolster Social Security popular in swing states
Voters in battleground states overwhelmingly support taxing billionaires to support Social Security benefits, a new poll finds. More than three-quarters (77 percent) of voters in seven key battleground states supported the idea of raising taxes on millionaires to extend the lifespan of Social Security, according to Bloomberg News/Morning Consult. That’s what it means. The study […]
Tax Day has to be the favorite holiday of Biden, Democrat Party: GOP rep
House Ways & Means Committee chairman Jason Smith, R-Mo., reacts to the Iranian attack on Israel, the IRS’ targeting of those … source
New York auditors crack down on out-of-state residents avoiding tax
New York state auditors are monitoring everything from people’s travel schedules to the whereabouts of their pets to prove they owe taxes even if they live out of state, according to a report. . Wealthy Empire State residents who live in New York but spend most of their time elsewhere are still paying their taxes […]
Ultra-rich put off new yachts, jets in hope of Trump tax cut
The Post says the top 1% are waiting until after the presidential election to buy big-ticket items like jets in hopes of saving millions of dollars in taxes if Donald Trump wins. I found out. “We’re waiting until after November,” one coastal source considering buying both a jet and a yacht for business told the […]
India seeks UK carbon tax exemption in free trade deal talks | Trade policy
India is demanding an exemption from Britain’s planned carbon tax as part of negotiations aimed at sealing a free trade deal before the UK general election. India’s negotiating team held a series of surprise negotiations in London this week to overcome remaining hurdles in the deal. Rishi Sunak is keen to cross the line on […]
Impatience over stalled tax deal grows in Senate
Supporters of the bipartisan tax deal that passed the House in January are growing impatient as Republican opposition to a bill to expand credit for working families stalls the bill in the Senate. The agreement, known as the American Families and Workers Tax Relief Act, expands and rescinds the Child Tax Credit (CTC), which has […]
Tax loopholes for Biden’s billionaire buddies
President Joe Biden wants voters to believe his tax plans take from the rich to give to the poor, but in reality they rob us all to pay off the millionaires and billionaires who bankroll today’s Democratic Party. “Taxes,” Biden said in hardscrabble Scranton, Pennsylvania, on Tuesday, where he returned to pretend he isn’t a money-larded creature […]