2024-08-25 19:41:12
This tax would not affect small/medium business owners. The unrealized capital gains tax would only apply to: • Individuals worth over $100 million, who don't pay at least 25% tax rate on income, and whose wealth is 80% tradeable/liquid assets (not applicable to real estate). [Link] NEEDS_MORE_RATINGS(11-0-31) Author
2024-08-26 11:51:47
Small business will not be affected. The official source is the "General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals" home.treasury.gov/system/files/1… "A 25% minimum tax is imposed on the total income of taxpayers with wealth exceeding $100 million." Page 83 NEEDS_MORE_RATINGS(5-0-15) Author
2024-08-26 12:09:20
This will affect all income levels not just the rich and elite. [Link] NEEDS_MORE_RATINGS(8-0-7) Author
2024-08-26 16:47:01
VP Harris tax proposal will be aimed at people with at least 100 million in wealth and are paying less then 25% tax rate on their income. [Link] NEEDS_MORE_RATINGS(5-0-7) Author