Category: billionaires tax

Bernie Sanders Calls for Confiscation of Wealth Above $999 Million

May 1, 2023
Bernie Sandersbillionaires taxBusiness & MarketscongressDemocratseconomic policieseconomyEstate TaxPolicies & ImpactsPoliticsRepublicansUS
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Senator Bernie Sanders (I-Vt.) called for the U.S. government to confiscate assets over $999 million, and also announced his support for President Joe Biden. The senator spoke with CNN anchor Chris Wallace last week for an interview when he declared that billionaires should not exist. Sanders said he believes that the government should seize personal…

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Midterm Elections Could Bring Higher Taxes In Some States: What Voters Need to Know

November 8, 2022
2022 Midterm ElectionsArizona Proposition 132billionaires taxBusiness & MarketsColorado Proposition 121Colorado Proposition FFeconomic policieseconomyinflationMassachusetts Question 1personal financePolicies & ImpactsPoliticstax policytax the richUS
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As Americans head to polls in one of the highest turnouts for midterm elections, several major issues are on the table, such as tax policy changes that will have a significant impact on Americans’ personal financial situations. Tax policy involves everyone from the average earner to the richest Americans, and accounts for deductions and incentives,…

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IRS Five Times More Likely to Audit Low-Income Filers Than All Others, Including Top 1 Percent: Watchdog

March 31, 2022
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Internal Revenue Service (IRS) officials audit returns of taxpayers making $25,000 or less at a much higher rate than for all other income earners, including those in the top 1 percent who President Joe Biden claims pay nothing, according to a nonprofit government watchdog. “So far, it has completed 132,922 audits of these low-income wage…

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Elon Musk Argues Proposed Billionaire Tax Will Eventually Target Average Americans

October 29, 2021
billionaires taxBuild Back BetterBusiness & EconomyeconomyElon MuskPolicyteslaUS
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Elon Musk issued a warning on Thursday against Democrats’ billionaire tax proposal that levies unrealized capital gains, saying that eventually the government will run out of ultra-wealthy individuals, following which, they will target the majority middle class. “US national debt is ~$28,900 billion or ~$229k per taxpayer. Even taxing all ‘billionaires’ at 100% would only…

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NTD Business Full Broadcast (Oct. 27)

October 27, 2021
Archivedbillionaires taxGeneral MotorsLive VideosMcdonald'sNewsNews VideosNTD BusinessVideo
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More details about the democrats’ proposed billionaires tax, who would it affect and how much they would be taxed? McDonald’s making a healthy recovery out of the pandemic– especially compared to rivals. What’s behind its stronger-than-expected sales? And General Motors also beating expectations– despite major challenges. But experts say there are more disruptions to come.