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Sunburn — The morning read of what's hot in Florida politics — 9.15.21

Sunburn — The morning read of what's hot in Florida politics — 9.15.21
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Ultra-rich fear Biden will close their favorite tax loopholes


Ultra-rich fear Biden will close their favorite tax loopholes
The president s tax package could take aim at a long list of sometimes obscure deductions, exclusions and loopholes that are favorites of the 0.1%.
April 27, 2021
6
MINS
The rich shouldn’t be too afraid of Joe Biden’s tax plans. It’s the really rich who should be getting nervous.
The president is set to unveil a tax package Wednesday that promises to raise revenues on those earning $400,000 or more a year. But executives and professionals making over $500,000 annually already pay relatively high tax rates.
What has potentially far greater ramifications is that Biden and Democrats in Congress are threatening to target a much wealthier group the growing number of Americans with fortunes starting in the tens of millions of dollars who often pay lower tax rates than many middle-class families. ....

New York , United States , Beth Kaufman , Greenberg Glusker , Edward Renn , Chuck Marr , John Mezzanotte , Laura Zwicker , Joe Biden , Los Angeles , Josh Baron , Brad Dillon , Bernie Sanders , Democrats In Congress , Center On Budget , Vermont Senator Sanders , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பெத் காஃப்மந் , எட்வர்ட் ரெந் , சக் மார் , ஜான் மேஜ்ஜனோட்தே , லாரா ஜுவிக்கேர் , ஓஹோ பிடென் , லாஸ் ஏஞ்சல்ஸ் , ஜோஷ் பரோன் ,

America's Ultra-Rich Fear Biden Will Close Their Favorite Tax Loopholes


America’s Ultra-Rich Fear Biden Will Close Their Favorite Tax Loopholes
Bloomberg
57 mins ago
Ben Steverman
(Bloomberg) The rich shouldn’t be too afraid of Joe Biden’s tax plans. It’s the really rich who should be getting nervous.
The U.S. president is set to unveil a tax package on Wednesday that promises to raise revenues on those earning $400,000 or more a year. But executives and professionals making over $500,000 annually already pay relatively high tax rates.
What has potentially far greater ramifications is that Biden and Democrats in Congress are threatening to target a much wealthier group the growing number of Americans with fortunes starting in the tens of millions of dollars who often pay lower tax rates than many middle-class families. ....

New York , United States , Beth Kaufman , Greenberg Glusker , Edward Renn , Chuck Marr , John Mezzanotte , Laura Zwicker , Joe Biden , Los Angeles , Josh Baron , Brad Dillon , Bernie Sanders , Democrats In Congress , Center On Budget , Vermont Senator Sanders , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பெத் காஃப்மந் , எட்வர்ட் ரெந் , சக் மார் , ஜான் மேஜ்ஜனோட்தே , லாரா ஜுவிக்கேர் , ஓஹோ பிடென் , லாஸ் ஏஞ்சல்ஸ் , ஜோஷ் பரோன் ,