andhra_jp Posted September 13, 2021 Report Share Posted September 13, 2021 The plan calls for top corporate and individual tax rates of 26.5% and 39.6%, respectively, according to a summary released by the tax-writing Ways and Means Committee. The proposal includes a 3% surcharge on individual income above $5 million and a capital gains tax of 25%. The House tax plan would not go as far as President Joe Biden initially hoped. The president had called for a 28% corporate tax and a 39.6% capital gains rate. The House proposal would take huge steps to reverse the 2017 Republican tax cuts. It would hike the corporate rate to 26.5%, after the GOP slashed it to 21% from 35%. Democrats would also restore the top individual rate to 39.6% after Republicans cut it to 37%. Democrats plan to use the new revenue to fund expansions of child care, paid leave, pre-K education, community college, public health insurance plans, household tax credits and green energy incentives, among other investments. https://www.cnbc.com/2021/09/13/house-democrats-propose-tax-increases-in-3point5-trillion-budget-bill.html Quote Link to comment Share on other sites More sharing options...
Pitta Posted September 13, 2021 Report Share Posted September 13, 2021 Quote Link to comment Share on other sites More sharing options...
covid2021 Posted September 13, 2021 Report Share Posted September 13, 2021 1 minute ago, Pitta said: asal taad yendhi ne gif yendhi Quote Link to comment Share on other sites More sharing options...
Pitta Posted September 13, 2021 Report Share Posted September 13, 2021 Just now, covid2021 said: asal taad yendhi ne gif yendhi thread is about tax increase... gif emo tom tax minister ki call chestunnadu 2 Quote Link to comment Share on other sites More sharing options...
covid2021 Posted September 13, 2021 Report Share Posted September 13, 2021 2 minutes ago, Pitta said: thread is about tax increase... gif emo tom tax minister ki call chestunnadu ninn yevvad sesukuntado kani sachind Quote Link to comment Share on other sites More sharing options...
Pitta Posted September 13, 2021 Report Share Posted September 13, 2021 1 minute ago, covid2021 said: ninn yevvad sesukuntado kani sachind 2 Quote Link to comment Share on other sites More sharing options...
Ryzen_renoir Posted September 13, 2021 Report Share Posted September 13, 2021 Excellent decision that was long overdue Quote Link to comment Share on other sites More sharing options...
covid2021 Posted September 13, 2021 Report Share Posted September 13, 2021 3 minutes ago, Pitta said: Quote Link to comment Share on other sites More sharing options...
covid2021 Posted September 13, 2021 Report Share Posted September 13, 2021 2 minutes ago, Ryzen_renoir said: Excellent decision that was long overdue daa Quote Link to comment Share on other sites More sharing options...
Pitta Posted September 13, 2021 Report Share Posted September 13, 2021 4 minutes ago, covid2021 said: 1 Quote Link to comment Share on other sites More sharing options...
covid2021 Posted September 13, 2021 Report Share Posted September 13, 2021 2 minutes ago, Pitta said: Quote Link to comment Share on other sites More sharing options...
Picheshwar Posted September 13, 2021 Report Share Posted September 13, 2021 13 minutes ago, Pitta said: Quote Link to comment Share on other sites More sharing options...
Picheshwar Posted September 13, 2021 Report Share Posted September 13, 2021 1 minute ago, covid2021 said: nen post chesna ninna Quote Link to comment Share on other sites More sharing options...
covid2021 Posted September 13, 2021 Report Share Posted September 13, 2021 14 minutes ago, Picheshwar said: nen post chesna ninna Quote Link to comment Share on other sites More sharing options...
Picheshwar Posted September 13, 2021 Report Share Posted September 13, 2021 kasepu nuvvu kannarpaku Quote Link to comment Share on other sites More sharing options...
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