Our website use cookies to improve and personalize your experience and to display advertisements(if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, Youtube. By using the website, you consent to the use of cookies. We have updated our Privacy Policy. Please click on the button to check our Privacy Policy.

Your information is NEVER sold to a third party. 

The Billionaires Tax has arrived… but will it pass?

Advertisements
Share On Social Media

As America struggles to contain the political gridlock over its future spending plans — the White House appears to have come up with a new way to tax billionaires that may pass this time. According to the White House, officials are looking at the idea of taxing year-end stocks and bonds type assets. These types of assets are common among wealthy people and are usually used as collateral towards loans and the like due to their often very high total values.

According to Bloomberg ‘s Billionaires Index, there are currently about 600 to 700 Americans this rule apply to. The rule would apply to those making more than $100m a year for three years in a row or anything higher or similar to that threshold. The Democratic holdout Kyrsten Sinema of AZ has not commented on the idea of a stock like annual tax as means to tax the mega rich.


Share On Social Media
See also  Cuba is bringing back the "Love Shack"
By SHK

Loves coffee; cute animals, and the world around us. I serve as the Editor-in-Chief and the President of the companies in which own Bazaar Daily News. Follow me on Twitter @HaleemKhane for more amusing updates. *I do not discuss my own political views for obvious reasons*

Leave a Reply

Related Posts

No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.
Cookie Consent with Real Cookie Banner Skip to content