New Tax Slab Proposal in USA
Matilda Carmden
Stealth
2 months 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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