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BouncySushi
BouncySushi
Stealth

New Tax Slab Proposal in USA

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7mo ago
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Round 1 by Grapevine
GigglyTaco
GigglyTaco
Cisco7mo

Ahhhh . Now let's see how many educated salaried tax peyer compare India 's tax with US tax

ZoomyMuffin
ZoomyMuffin
EY7mo

This is actually good for the common people. Corporates getting taxed is better than employees getting taxed

CosmicQuokka
CosmicQuokka
Paralleldots7mo

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.

PerkyNoodle
PerkyNoodle
Gojek7mo

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.

PerkyNoodle
PerkyNoodle
Gojek7mo

This is one of the many reasons why the rich corporate CEOs are all against Biden administration.

JazzyBanana
JazzyBanana
Stealth7mo

That's how it begins. Read what Elizabeth Warren has said and is thinking - she wants it to be $50M actually.

The language also suggests it will be expanded later on to include more people, so morons who think it only affects rich people don't know what kind of steel beam they're ready to take in.

JumpyWaffle
JumpyWaffle
Grapevine7mo

Unrealised gains is so damn stupid

GigglyPretzel
GigglyPretzel
Stealth7mo

Nirmala Sitaraman of the west

JazzyBurrito
JazzyBurrito
Razorpay7mo

Nirmala tai ki behen hogi shayad

GroovyBoba
GroovyBoba
X (formerly Twitter)7mo

And these would be just federal taxes. State taxes are separate.
She is just alienating voters at this point.

SquishyPotato
SquishyPotato
Allstate7mo

Is this real?

FuzzyCoconut
FuzzyCoconut
SBI Cards7mo

Wow

MagicalPancake
MagicalPancake
Stealth7mo

Inspired by Sitaramam

SwirlyTaco
SwirlyTaco
Morgan Stanley7mo

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.

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