‘It’s stupid,’ billionaires complain about proposed tax

‘It’s Stupid,’ Billionaires Complain About Proposed Tax

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Oct 28, 2021  · With a personal fortune that is flirting with $300 billion, the Tesla CEO — the richest person on earth — has been lashing out at a Democratic proposal to tax the assets of …

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‘Stupid’ And ‘insane’: Some Billionaires Vent Over Tax Plan

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Oct 28, 2021  · The Democratic proposal, unveiled Wednesday by Sen. Ron Wyden, would tax the gains of people with either $1 billion or more in assets, or three consecutive years of income of …

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Billionaires Should Face A Minimum Tax Rate, Report Says

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Oct 23, 2023  · It suggested a minimum 2% tax rate on billionaires' global wealth would raise $250bn (£205bn) a year. There are around 2,500 billionaires with a combined wealth of $13 …

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Billionaire Wealth Tax: Why Democrats Wanted To Tax The Super Rich ...

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Oct 28, 2021  · For tradable assets, such as stocks, billionaires would have paid capital gains tax, currently 23.8%, on the increase in value and taken deductions for losses annually.

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How Would Joe Biden’s Proposed ‘billionaire Tax’ Work?

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Mar 30, 2022  · The White House unveiled a new “billionaire tax” as part of its $5.8tn budget proposal on Monday, as it sought to offset spending increases in areas such as defence and …

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How The Proposed Tax On Billionaires Would Actually Work : NPR

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Oct 27, 2021  · MA: So this tax targets billionaires and, according to the legislation, people with a billion dollars or more in assets or folks who've made more than $100 million in three …

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Billionaires Income Tax: What's In The Senate Democratic Plan - NPR

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Oct 27, 2021  · How the billionaire tax would work. The tax proposal would apply to just about 700 taxpayers, Democrats say — people who earn more than $100 million per year or who have …

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