Biden's newest budget calls for a 44.6% federal rate on investment income and other earnings, per Bloomberg. The plan also calls for taxing assets when an owner dies, ending a benefit that allowed the unrealized appreciation to go untaxed when transfered to an heir.
Biden has also proposed numerous other tax reforms, like a minimum 25% tax on all billionaires. Full story: unusualwhales.com/news/president…
@unusual_whales @DabizLegend I’m working on my way out the country. I truly commend you guys for sticking these kinds of things out. Dealing with contaminated water, pfa’s, microplastics, processed cancerous foods, mass shootings..man I truly wish everyone the best
@unusual_whales Of course it does. How to kill the middle class. ‘Equity.’ Right?
@unusual_whales Seriously FJB. How could anyone vote for this?
@unusual_whales Biden is stealing our money and giving it away to criminals.
@unusual_whales The country is $30 trillion in debt. We can choose to be deadbeats or we can pay our debt.
@unusual_whales Is this for people making over $400,000 a year? Biden promised not to raise taxes for people making under that. Hopefully he sticks to that promise.
@unusual_whales Most of this appears aimed at the wealthy. Have to go through the actual proposals. Americans not looking at this situation like adults; we need to RAISE REVENUE AND CUT SPENDING. party is over. We blew decades of wealth in Iraq, Afghanistan, and on poorly run medicare/Medicaid
@unusual_whales That would destroy the American Family ! These tax on taxes and Retaxing is evil ! Americans care about their children’s future.