Miscellaneous News

FriedButter

Colonel
Registered Member
Capital-Gains Tax Nears 45% in Biden's Soak-The-Rich Budget

Biden’s budget request to Congress, which is slated to be released Thursday, calls for a 25% minimum tax on billionaires, according to a White House official familiar with the proposal who declined to be named because the plan is not yet public. The plan would also nearly double the capital gains tax rate for investment to 39.6% from 20% and raise income levies on corporations and wealthy Americans.

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Biden to propose 25 percent minimum tax on US billionaires

United States President Joe Biden will call on Congress to impose a 25 percent minimum tax on billionaires as part of a
series of proposed tax hikes on wealthy individuals and corporations, according to a US media report.

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Does 40% on +$1 million make sense? Maybe it’s just me but that seems rather like a low threshold given inflation and specifically property value. I guess certains retirees and seniors are gonna get a heart attack looking at their tax payments lol.
 

CMP

Senior Member
Registered Member
Half of the political elites are trying to rob the business and financial elites to fund their current and future wars. High chance Dems lose the white house and even more of the house/senate as a consequence. The part about cutting federal debt by ~9% is a lie. That money is going straight to the military industrial complex.
 

escobar

Brigadier
lol
The US has privately urged some of the world’s largest commodity traders to shed concerns over shipping price-capped Russian oil, in a bid to keep supplies stable and regain some oversight of Moscow’s exports
While Washington has never opposed trading of Russian oil within G7-agreed price curbs, the largest independent oil traders had been wary of the market. “We’ve been actively encouraged by the Americans . . . to re-engage on moving the oil,” said one trader who spoke with the Treasury.
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Lethe

Captain
Forget shared strategic interests, the true foundation of the India-Australia relationship is cricket:

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The figure on the left is Australia's current Prime Minister Anthony Albanese. I assume folks know who Narendra Modi is. Leave it to Modi to turn a cricket match into a quasi-political event. At "Narendra Modi Stadium" no less.

(India leads the 2023 Border-Gavaskar Test series between India and Australia 2-1. Australia is currently 255-4 at the end of the Day 1 of the fourth and final Test. I know this means nothing to anyone here. ;) )
 

CMP

Senior Member
Registered Member
lol


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The logical end result is that insuring, financing, and shipping in oil/gas trade will become dominated by Chinese, Indian, and Turkish companies. That supposed ~60% reduction in Russian oil/gas revenues is actually going into fattening the profit margins of Chinese, Turkish, and Indian companies.
 

Stierlitz

Junior Member
Registered Member
Saudi Arabia is asking the U.S. to provide security guarantees and help to develop its civilian nuclear program
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I doubt Saudis will normalize relations with Israel anytime soon. They view themselves as leaders of the Muslim world so they need to pretend they sympathize with Palestianians and support their struggle for statehood. Normalization at a time when Israel has the most right-wing government in its history (with actual ziofascists holding ministerial positions) would simply be a poor look for them.
 
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