Tags
Aktuelle Nachrichten
America
Aus Aller Welt
Breaking News
Canada
DE
Deutsch
Deutschsprechenden
Europa
Europe
Global News
Internationale Nachrichten aus aller Welt
Japan
Japan News
Kanada
Konflikt
Korea
Krieg in der Ukraine
Latest news
Map
Nachrichten
News
News Japan
Polen
Russischer Überfall auf die Ukraine seit 2022
Science
South Korea
Ukraine
UkraineWarVideoReport
Ukraine War Video Report
Ukrainian Conflict
United Kingdom
United States
United States of America
US
USA
USA Politics
Vereinigte Königreich Großbritannien und Nordirland
Vereinigtes Königreich
Welt
Welt-Nachrichten
Weltnachrichten
Wissenschaft
World
World News
15 Comments
> It’s worth noting that Biden’s proposed 25% tax on unrealized gains would solely affect individual taxpayers with over $100 million in net assets.
My 0.003 btc is safe then
Good. I hope it happens because as pants on head butt fuckingly stupid as that rule would be – confidential crypto like Monero and Beam would skyrocket
tldr; Vice President Kamala Harris supports President Joe Biden’s tax plan, which includes a 25% tax on unrealized gains for individuals with over $100 million in net assets, aiming to generate $5 trillion in revenue over a decade. This plan is part of a broader strategy to address the U.S. deficit and debt, ensuring high-net-worth individuals contribute a fairer share. It also proposes increasing the corporate tax rate to 28%, which, combined with other taxes, could position the U.S. as having the highest total tax rate on corporate income in the developed world. The plan faces potential challenges in Congress, even with a Democratic majority.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I bought some TON last week sooo this more than likely doesn’t apply to me
Also if anyone knows how this would work exactly please let me know. Like lets say my bags are up in the morning – and i dont sell – and then red in the evening do I still get taxed? Because theres this thing called volatility
This does not apply to the people on this sub. We all buy high and sell low.
>>$100 million in net assets
Has nothing to do with us, we’re all dead in the red!
Hell yeah.
I’m not Portuguese but I love the Portugal approach on crypto.
TLDR: 28% tax on profits. ** NO TAX If you hold more than a year.**
That really puts an incentive no hold the right coins and do trading/gambling.
You need to have at least $100 million.
And it’s only taxed on the dollars you make over $100 million. So your first $100 Million is not taxed by this.
The goal is an aggressive approach at closing loopholes billionaires use to not pay taxes.
It’s likely never gonna pass, and is more of a bargaining chip to help pass a subsequent less aggressive policy to target those loopholes.
Key context: high net worth individuals. The top .1%. If you make less than $100 million, it won’t affect you.
Taxing loans that use unrealized gains as collateral would be far more effective.
Banks would be required to increase the loan amount by the tax and file it on any loans greater than X million amount.
Banks would earn additional interest holding the extra loan amount and if you make the rate 10% or something below income rates, wealthy people would still do it.
Then use that income to give middle class additional tax breaks on owning property, lower student loan rates and expanded child tax credit.
😂
Good.
And this wasn’t put in the previous 4 years because?