Taxes

Biden Proposes New Minimum Tax on Billionaires, Unrealized Gains

Economy, Investments, Taxes / By

Published by FOX Business | March 28, 2022 The “Billionaire Minimum Income Tax” would establish a 20% minimum tax on all U.S. households worth more than $100 million President Biden has unveiled a new minimum tax targeting billionaires as part of his 2023 budget request, proposing a 20% rate that would hit both the income and …

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STUDY: 57% of American Households Paid No Income Tax Last Year

Covid-19, Economy, Taxes / By

Published by FOX Business | March 25, 2022 Households that paid no federal income tax expected to plunge next year More than half of U.S. households paid no federal income taxes in 2021, a temporary spike attributed to massive COVID-19 relief spending in the form of tax credits and stimulus payments. A recent analysis from the …

STUDY: 57% of American Households Paid No Income Tax Last Year Read More »

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