New Tax Slab Proposal in USA
TigOldBitties
Stealth
17 days ago
Its coming here in India soon within next 3 years
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Ahhhh . Now let's see how many educated salaried tax peyer compare India 's tax with US tax
This is actually good for the common people. Corporates getting taxed is better than employees getting taxed
India also discussions going on for DTC (read slab rate tax for stock gains i.e. upto 39%)
Sad reality is, India as non corporatised country can't have higher corporate tax as than Individual tax, they've to be incentivised to run factories, make products, while the masses are incentivised by religion or fear.
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Just for info - this unrealised gains tax is applicable for people with $100million worth of assests or more. Not for the ones below. The working class doesn't have to pay this. This is for the ultra rich.
This is one of the many reasons why the rich corporate CEOs are all against Biden administration.
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And these would be just federal taxes. State taxes are separate.
She is just alienating voters at this point.
OutlandishClassmate
Stealth
19 days ago
Inspired by Sitaramam
Unrealized gains are unrealized for a reason. Whoever thought of this tax is a low life. The rich have surplus so they should invest in equities they like. Why tax it. Just because it is for the rich, they expect the poor to support it. Calmly it will be brought to to lower classes too. Utter disaster.
