'Biden’s proposed wealth tax misunderstands the nature of investing and is almost certainly unconstitutional.' -DanielSavickas
in the Senate, would add even more risk and uncertainty to investments. The proposal in question would impose a 25% tax on “unrealized capital gains” — otherwise known as a wealth tax in sheep’s clothing.
In other words, investors’ stock money is little more than a down payment on cheaper access to future profits that a particular company might produce. The investor does not have immediate access to that money, and future profits are far from guaranteed. That’s why a tax on unrealized capital gains is, in essence, a tax on profits that may never materialize at all.
Indeed, small businesses will be the most adversely affected by this tax. To be sure, society’s most wealthy will be inconvenienced, but they will have enough resources to be able to adjust their strategies and move forward. Small businesses, on the other hand, rely on investments of this sort as their lifeblood. The reduction in investment that will come as a result will be the end for so many would-be innovators and entrepreneurs.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
IRS whistleblower accuses Biden administration of ‘preferential treatment’ for Hunter Biden in probeAn anonymous IRS whistleblower has come forward with a complaint that the Biden administration is improperly handling an investigation into President Biden’s son, Hunter Biden, and given him preferential treatment.
Weiterlesen »
Hunter Biden's IRS whistleblower news draws intense Twitter backlash: 'Coverup of Biden family corruption'The news of an alleged IRS agent whistleblower claiming corruption in the investigation into Hunter Biden on Wednesday was a hot topic among social media users.
Weiterlesen »
Bidens report an adjusted gross income of $579,514President Joe Biden and First Lady Jill Biden reported a federal adjusted gross income of $579,514, according to their 2022 federal income tax returns released by the White House Tuesday.
Weiterlesen »
Bidens paid 23.8% taxes on $579,514 earnings, returns showPresident Joe Biden and his wife, Jill, made $579,514 last year and paid $137,658 in federal income taxes. That works out to a 23.8% tax rate, more than the average of roughly 14% for all U.S. households.
Weiterlesen »
Bidens Paid About $170,000 in Taxes for 2022President Biden and first lady Jill Biden made $579,514 in adjusted gross income in 2022 during his second year as president, according to their tax returns released by the White House
Weiterlesen »
The Bidens made $579K last year, and paid a 23.8 percent tax rate, their returns showPresident Biden and first lady Jill Biden paid $137,658 in federal income taxes on $579,514 in earnings, according to their 2022 tax return provided by the White House.
Weiterlesen »