Cyprus is considered one of the most secure retirement destinations in the world. The island, a full member of the EU, is known to be one of the main geographical.
Opinion Columnist
The budget proposal released by the Biden administration last week calls for almost $5 trillion in new spending over the next decade that is, outlays in excess of its “baseline” estimate of the spending that would take place without new policies. Some of the extra money would be borrowed, but most of it $3.6 trillion is supposed to come from new revenues.
President Biden has, however, repeatedly promised not to increase taxes on households making less than $400,000 a year. And his budget does indeed propose raising all the additional money via higher receipts from corporations and high-income individuals.
It’s worth noting, by the way, that the two proposals that have attracted the most attention raising the corporate tax rate, which Donald Trump cut from 35 to 21 percent, up to 28 percent, and raising the top individual rate back to 39.6 percent account for only a fraction of the proposed revenue increase (just over a quarter). Most of the money
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