You Won’t Believe How Many US Voters Back the ‘Extreme’ 70% Tax Rate in Ocasio-Cortez’s Green New Deal

2019-2-15 19:51

According to data from Navigator Research, a recent poll concluded that almost half of Americans support a 70% marginal tax on income earned above $10 million. Without explanation, 48% of people polled favored the proposition from the Green New Deal.

An additional 7% were in favor after learning the meaning of “marginal tax rate. ” One of several ideas floated by openly socialist US House Representative Alexandria Ocasio-Cortez (D-NY), the proposal has been shrugged off by Bill Gates as “extreme. ” The legendary technocrat also points out that the system would undoubtedly “start to create tax dodging and disincentives, and an incentive to

The post You Won’t Believe How Many US Voters Back the ‘Extreme’ 70% Tax Rate in Ocasio-Cortez’s Green New Deal appeared first on CCN

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Jamie Dimon: ‘I Have No Problem Paying Higher Taxes’, If They’re Used Wisely

J. P. Morgan Chase CEO Jamie Dimon has declared that he does not mind paying higher taxes as long as they are used where they are “most effective”. His comment comes as something of a bolt from the blue in the midst of a polarizing debate on whether the highest-earning Americans should be required to pay a top marginal tax rate of 70 percent as proposed by a number of prominent House Democrats.

2019-2-2 18:51


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Elections Canada Consults With Political Parties on Crypto Donations

According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.

2019-1-24 20:28


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Chile to Start Taxing Cryptocurrency Earnings in Second Quarter of 2019

Chile is to start taxing cryptocurrencies in April, when taxpayers pay their yearly income taxes, but it’s unclear at what rate. According to local media reports, the country’s revenue authority has included crypto assets in the Annual Income Tax Returns form, which will be declared as “other own income and/or third-party income from companies that […] The post Chile to Start Taxing Cryptocurrency Earnings in Second Quarter of 2019 appeared first on Bitcoin News.

2019-1-20 00:58


Bitcoin Proponent Ron Paul: ‘Tax free Bitcoin and crypto will prevent next Fed-created recession’

Going by the recent development in the US banking sector, that has seen the US Fed Reserve, the central bank of US raise interest rate the fourth time in 2018, which many believe could lead to a recession in the US and a global recession by 2019, former IMF economist, who also was a former […] The post Bitcoin Proponent Ron Paul: ‘Tax free Bitcoin and crypto will prevent next Fed-created recession’ appeared first on ZyCrypto.

2018-12-21 14:15


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French Lawmakers Move to Reduce Bitcoin Gains Tax From 36.2 to 30 Percent

France, which has the potential to become Europe’s next crypto and blockchain hub, is now making moves to make the country more attractive to crypto investors. Lawmakers are now moving to bring down the current high capital gains tax rate for Bitcoin sales to a level on par with the tax rate for other non-real […] French Lawmakers Move to Reduce Bitcoin Gains Tax From 36.

2018-11-8 20:59


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Japan wants to remove its progressive crypto tax rate

However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate. Accounting software company Freee described, “Miscellaneous income is subject to comprehensive taxation, and the tax rate is decided according to the amount combined with other income such as salary income.” The

2018-6-26 11:42


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On Radical Markets

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.

2018-7-21 04:03


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AOC’s Green New Deal Obsession Leaves New Yorkers Out in the Cold

Freshman United States Rep. Alexandria Ocasio-Cortez is justifiably feeling the heat after comparing the government’s response to climate change to the September 11 terrorist attacks, but the gaffe has exposed a deeper truth: AOC’s obsession with the Green New Deal has left her New York constituents out in the cold.