User Enrollment: None Posted Notes:2
-HELPFUL:0
-NOT HELPFUL:0
-NEEDS MORE RATINGS:2 Posted Ratings:0
-HELPFUL:0
-SOMEWHAT HELPFUL:0
-NOT HELPFUL:0
Posted Notes
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) Related notes[4]
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) Related notes[4]