2024-08-21 05:27:35
The White House's 2025 budget proposes a 25% minimum tax on the unrealized capital gains of taxpayers with over $100 million. Source [Link] NEEDS_MORE_RATINGS(6-3-35) Author
2024-08-21 06:18:33
NNN- Please add comments in the comment section. A source is not required on every post, but again you're welcome to share that in the comments if you feel it's helpful. NEEDS_MORE_RATINGS(14-0-1) Author
2024-08-21 12:40:05
NNN - the proposed note does not contradict the post NEEDS_MORE_RATINGS(10-0-3) Author
2024-08-23 09:50:00
The official source is "General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals" [Link] [see pp81-85] A 25% tax is imposed on wealth >$100 million ... ONLY if the wealth is "liquid' (e.g. NOT equity in startups). They expect <10K people to be affected. NEEDS_MORE_RATINGS(0-0-0) Author