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applegrove

(118,577 posts)
Sun Oct 24, 2021, 10:19 PM Oct 2021

Democrats Eye Tax on Billionaires' Gains

Democrats Eye Tax on Billionaires’ Gains

October 24, 2021 at 8:54 pm EDT By Taegan Goddard 39 Comments

https://politicalwire.com/2021/10/24/democrats-eye-tax-on-billionaires-gains/

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“A new annual tax on billionaires’ unrealized capital gains is likely to be included to help pay for the vast social policy and climate package lawmakers hope to finalize this week,” the Wall Street Journal reports.

“The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years.”

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Democrats Eye Tax on Billionaires' Gains (Original Post) applegrove Oct 2021 OP
Taxing unrealized capital gains. Brilliant idea in my opinion Walleye Oct 2021 #1
Unfortunately, the tax as proposed raises very little. Hoyt Oct 2021 #2
I wonder which senator will put a stop to that idea. n/t PoliticAverse Oct 2021 #3
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