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Dems planning a $3 trillion tax hike on working families, small businesses


Other raised taxes Other taxes to be raised include the following. - Capital gains tax rate. ... In comparison, China’s capital gains tax is 20 percent. - Global minimum tax. The Biden administration has been pushing a global agreement that locks in high taxes and a 15 percent global minimum tax in order to make citizens share the burden of financing the government. "...

Dems propose $3 trillion tax hike on working families and small businesses


Increasing the capital gains tax rate to 28.8 percent and increasing the holding period for carried interest capital gains to five years. Communist China’s capital gains tax is 20 percent. A 16.5 percent global minimum tax. "...

Democrats pushing "tax the rich" scheme that will force asset owners to SELL stocks, bonds and crypto just to pay new taxes on "unrealized" gains


Ron Wyden’s plan to tax unrealized capital gains of “billionaires” is something else. ... But she certainly knows that a tax on unrealized capital gains is a de facto wealth tax, which would be levied on property rather than income,” the WSJ editorial noted further. "...

CRYPTO CON: Disgraced Three Arrows Capital crypto hedge fund co-founders have a long history of questionable activities


They doubled the money in just two months and headed for Singapore, where there is no capital gains tax. ... All told, Three Arrows Capital now owes $3.5 billion to 27 different companies. "...

Nebraska farmland values climb 16%, but farmers worry about effects of Russia-Ukraine conflict


Capital Gains Tax , chaos , conflict , crop prices , crops , farming , farmland , harvest , Inflation , input shortages , investment taxation , Nebraska , products , Russia , Ukraine , World War III This article may contain statements that reflect the opinion of the author Bypass censorship by sharing this link: https://citizens.news/604467.html Copy URL - (Natural News ) The value of farmland in Nebraska has hit historic levels, rising 16 percent from last year to reach ...

Most prolific taxpayers will now FLEE California as the state passes "wealth tax" targeting high income earners


In New York, legislators floated a similar idea in the form of a capital gains tax placed on New Yorkers who have $1 billion or more of assets. ... The abolition of the wealth tax was aimed at making more resources available for early-stage investments and venture capital. "...

National Retail Sales Tax proposal gains momentum for real tax reform


National Retail Sales Tax proposal gains momentum for real tax reform Thursday, November 11, 2004 by Mike Adams , the Health Ranger Editor of NaturalNews.com (See all articles...) ... Under the National Retail Sales Tax (also called the Fair Tax in a slightly different rendition) allows each individual to control how much tax they want to pay by controlling their spending. "...

El Salvador plans to use geothermal energy from volcanoes for bitcoin mining


El Salvador plans to use geothermal energy from volcanoes for bitcoin mining Thursday, June 17, 2021 by: Nolan Barton bitcoin , Bitcoin Law , Bitcoin mining , Capital Gains Tax , crypto businesses , cryptocurrency , economic alliance , financial inclusion , geopolitical implications , geothermal energy , Inflation , legal tender , official currency , petrodollar , S2F model , zero emissions Bypass censorship by sharing this link: https://www.afinalwarning.com/526631.html ...

"The largest tax hike in generations" could pay for up to 75% of Biden's next spending plan


-WaPo There are four main tax increases Biden is immediately eying, according to Axios : - A corporate tax increase from Trump’s 21% to 28%, raising an estimated $730 billion over a decade, according to the Tax Policy Center. - A global minimum tax on profits from global subsidiaries worth $550 billion over the same period. - Taxing capital gains for the wealthy as ordinary income, as opposed to the current rate of 20% for those making $441,451 ...

One-third of all American billionaires' wealth gains over the last 30 years came during the pandemic


This increase in wealth — even as poverty rates continue to soar — has caused some quarters to call for a “wealth tax,” an additional tax that would be added on top of regular income and capital gains taxes. ... “A wealth tax would have a negative impact on the economy,” stated Tax Foundation economist Erica York in a March blog post . "...

Obamacare will cause your pet's veterinary bills to increase


Also going into effect on January 1, 2013, is the new 3.8 percent tax on investment income, which will siphon a portion of investment earnings from higher-earning American taxpayers to fund Medicare expansions (http://www.advisorone.com ). Other new Obamacare taxes to take effect in 2013 include an increased capital gains tax; a new tax on flexible spending accounts (FSA); and an additional 0.9 percent tax on higher-income taxpayers to cover Medicare ...

The government is coming for your Bitcoin


I read the 400+ pages of the proposed tax code. How many lines in there do you think deal with cryptocurrency? ... Which means you owe the IRS capital gains tax on $9k, which is 20% plus the Obamacare surcharge. "...

The Washington Post conveniently gives up presidential fact-check database right before Biden's speech to Congress


Another big lie is that Biden’s tax plan to stick it to the “rich” will hurt the middle class and shrink the economy. ... Big businesses would still have access to global tax havens that charge little or no corporate tax (applied to company profits) and capital gains tax (applied to the growth in the value of investments when they are sold). "...

Elizabeth Warren's $52 trillion "Medicare for All" health care plan would push tax rates above 100% for some


This would be joined by a new 14.8 percent tax on Social Security, and a six percent tax on individuals worth more than $1 billion. Warren’s plan would also require investors to pay capital gains taxes at the same rate as their other incomes, really hitting them hard in such a way as to discourage investment. "...

El Salvador becomes first country to adopt bitcoin as legal tender


Prices can now be shown in bitcoin, tax contributions can be paid with the digital currency, and exchanges in bitcoin will not be subject to capital gains tax. ... The cryptocurrency gains and loses huge amounts of value in a flash – and at times overnight. "...

Elizabeth Warren's 'Medicare For All' plan just a giant, $52 trillion handout to Big Pharma and the cancer industry


“That’s bigger than the biggest tax cut in our history,” this beer-guzzling phony contends. ... Warren is also planning to increase the capital gains tax, which is already negatively impacting the middle class at its current rates. "...

Opioid manufacturer pleads guilty to federal charges following bankruptcy


Seven Sackler family members stepped down as Napp Pharmaceuticals directors in 2018 after alleged tax evasion schemes by patriarch Mortimer Sackler surfaced. The American-born British psychiatrist, who passed away in 2010, was found to have avoided paying income tax, capital gains tax and inheritance taxes in the United Kingdom. "...

Satellite imagery shows "agriculture wasteland" across the rice capital of California


We are talking about California’s Central Valley, and specifically the portion dubbed the rice capital of California. ... Illinois eliminating bail requirement for murderers starting in 2023 Next : United Nations BEGGING Russia to export fertilizer so Western nations don’t suffer a worsening food collapse - More news on agriculture California heatwave affecting quality and supply of fresh produce in US supermarkets Satellite imagery shows “agriculture wasteland” across the rice capital ...

Welcome to the Third World, part 31: California makes its case for a bailout


Tech stock IPOs – a huge source of capital gains tax revenue for the home of Silicon Valley – have evaporated. ... In a normal year, most Californians would have filed their state tax returns by now, giving lawmakers a good idea of how much money they have to spend. "...

Woke capital isn't a game


Consciousness Raising Leftwing and populist critics of identity politics often argue that it is a tool of capital used to divide the working class. ... A complicated tax code requires bureaucrats within the government to enforce, but also creates a vast army of Big Four consultants to help Amazon dodge it all. "...