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Yarmouth maine election results today Presidential debate joe biden

Yarmouth maine election results today Presidential debate joe biden

A tax proposal embraced by Vice President Kamala Harris that’s meant to target the wealthy is getting attention in an unlikely place for wonky policy debate: social media. Conservatives fabricated a claim that Harris would tax everyone's unrealized capital gains, but she would do so for those with more than $100 million in wealth. Is that bad? Vice President Kamala Harris has endorsed Biden's plan to tax unrealized gains on wealth exceeding $100 million, also known as the billionaire minimum tax. She’d bring back the top 39.6% income tax rate for people making $400,000 or more and hike the 3.8% net investment income (NII) surtax to 5% for these taxpayers. She would increase the long-term... Under the new proposal, taxpayers with net wealth above $100 million would be required to pay a minimum effective tax rate of 25 percent on an expanded measure of income that includes their unrealized capital gains. Some say Harris has merely gone quiet on taxing unrealized gains. She would need Democratic control of the House and the Senate to pass it. This new tax would apply to taxpayers with wealth ... The tax plan would also try to tax the wealthiest Americans’ investment gains before they sell the assets or die. People with more than $100 million in wealth would have to pay at least 25 ... Vice President Kamala Harris’ presidential campaign said she supports President Joe Biden’s 2025 budget proposal, which called for a 25% minimum tax rate on unrealized capital gains for taxpayers... Among the more controversial of the Biden proposals—which Harris has repeated—is a tax on unrealized capital gains for taxpayers with wealth greater than $100 million. It may be labeled a ...

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Yarmouth maine election results today Presidential debate joe biden
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