Democrats’ proposal for a tax on billionaires is already spurring questions about how the sweeping new levy would be implemented and how America’s wealthiest -- and their sophisticated advisers -- can get around it.
The plan attempts to zero in on a narrow slice of the super-rich -- those with at least $1 billion in assets or incomes of $100 million for three consecutive years. Anyone in that category would be forced to pay an annual tax on any unrealized gains on publicly traded assets like stocks. For private assets, which are far more difficult to value, the Internal Revenue Service would take a more hands-off approach, requiring billionaires pay an extra tax when the holdings are sold.
"avoid it" - Google News
October 27, 2021 at 11:51PM
https://ift.tt/2Zo9zBg
Billionaire Tax Proposal Sets Ultra-Rich on the Hunt for Ways to Avoid It - Bloomberg
"avoid it" - Google News
https://ift.tt/3844a1y
https://ift.tt/2SzWv5y
No comments:
Post a Comment