unusual_whales
@unusual_whales · Mar 12, 2024
Biden's newest budget calls for a 44.6% federal rate on investment income and other earnings, per Bloomberg.
The plan also calls for taxing assets when an owner dies, ending a benefit that allowed the unrealized appreciation to go untaxed when transfered to an heir.
Elon Musk
@elonmusk
This will barely dent the deficit. The problem is spending, not taxation.
02:49 PM · March 12, 2024 · 139.8K views
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