What Is The Billionaire Minimum Tax In The US And How Does It Work ?,

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What Is The Billionaire Minimum Tax In The US And How Does It Work ?,

U.S. President Joe Biden has recently unveiled his proposal for a “Billionaire Minimum Income Tax”. This plan aims to tax the appreciation of assets owned by the ultra rich Americans, now that includes people worth more than $100 million’s worth. This proposal has garnered strong support amongst various Democratic voters. It is expected that this bill could generate hundreds of billions of dollars in new revenue.

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