Bağımsız Güncel Son Dakika Haber Sitesi

How Biden’s $2 Trillion in Tax Increases Target Companies and the Rich

WASHINGTON — President Biden’s new plan to pay for his climate change and social policy package includes nearly $2 trillion in tax increases on …

How Biden’s $2 Trillion in Tax Increases Target Companies and the Rich

WASHINGTON — President Biden’s new plan to pay for his climate change and social policy package includes nearly $2 trillion in tax increases on corporations and the rich. But many of the more contentious and untested proposals that Democrats have been considering in recent weeks were left on the cutting-room floor.

The latest proposal reflects the reality that moderate Democrats are unwilling to back certain ideas aimed at raising money, including taxing the unrealized capital gains of billionaires and giving the Internal Revenue Service more insight into the finances of taxpayers. Ultimately, the package of tax increases mostly turns up the dial on more conventional tax policies, while adding some new wrinkles to curb maneuvers that allow tax avoidance.

“I think in terms of who they’re targeting, they did decide to target the larger population of very rich people and not just get the money from a very small group of superrich people,” said Howard Gleckman, a senior fellow at the Urban-Brookings Tax Policy Center.

Here’s a look at what’s in the new tax plan:

Taxing the rich.

Instead of a wealth tax or a special tax on billionaires, Mr. Biden rolled out a new “surtax” on income for multimillionaires and billionaires. It would effectively raise the top tax rate on ordinary income to 45 percent for the highest earners.

Those with adjusted gross income of more than $10 million would face an additional 5 percent tax on top of the 37 percent marginal tax rate they already pay. Those making more than $25 million would face an extra 3 percent surtax.

The Biden administration estimates that these tax increases would hit the top .02 percent of taxpayers and raise $230 billion of tax revenue over a decade.

The plan also aims to ensure that people making more than $400,000 are not able to use loopholes to avoid paying a 3.8 percent Medicare tax. The White House estimates that provision alone will generate $250 billion in tax revenue over the next 10 years.

Making corporations pay more.

Borrowing a page from his campaign playbook, Mr. Biden wants to impose a 15 percent minimum tax on profitable companies that have little to no federal tax liability. Many profitable companies are able to reduce or eliminate their tax liability through the use of tax credits, deductions and previous losses that can carry over. The new tax would apply to companies with more than $1 billion in so-called book income — profits that firms report to their shareholders but not to the I.R.S.

The plan is meant to ensure that the approximately 200 companies that pay no corporate income tax will have to pay some money to the federal government.

The White House estimates the provision, which was also included in a plan presented by Senate Democrats, will raise an additional $325 billion in tax revenue over a decade.

Chye-Ching Huang, the executive director of the Tax Law Center at New York University, said on Thursday that the proposal could mean that financial statements where book income is reported could become the new “locus for tax avoidance.”

A separate proposal would also enact a 1 percent surcharge on corporate stock buybacks. Buybacks have surged along with the stock market, with cash-rich firms like Apple, JPMorgan Chase and Exxon spending billions of dollars each year to buy back, then retire, shares in their own companies. That can help drive up the company’s stock price, enriching both shareholders and corporate executives whose compensation is often tied to their firm’s stock performance.

The provision is projected to raise $125 billion over 10 years.

Ending the tax race to the bottom.

Mr. Biden’s framework would raise the tax that companies pay on foreign earnings to 15 percent, putting the United States in line with a global minimum tax that is being completed at the Group of 20 summit in Rome this week.

The Biden administration initially wanted to double the current rate to 21 percent from 10.5 percent. In settling on 15 percent, the U.S. rate would match what was agreed to by the 136 countries participating in the global deal and could blunt criticism that American companies will face a competitive disadvantage.

The global agreement is meant to end corporate tax havens and stop what Treasury Secretary Janet L. Yellen describes as the “race to the bottom” of declining corporate tax rates around the world.

To deter companies from finding ways to avoid the tax, the plan would impose a penalty rate on foreign corporations based in countries that are not part of the agreement.

The Biden administration projects the international plans would raise $350 billion over a decade.

Narrowing the tax gap.

White House and Treasury Department officials have spent months pushing a proposal to narrow the $7 trillion gap in taxes that are owed by individuals and businesses but not collected. The administration initially wanted to invest $80 billion in additional enforcement staffing at the I.R.S. and require banks to hand over more information about the finances of their customers.

Under the new proposal, the I.R.S. would get more money to ramp up audits of people making more than $400,000. However, the new bank reporting proposal — which the Treasury has called critical to its ability to hunt down hidden revenue — was conspicuously absent. A lobbying campaign from banks prompted huge blowback from lawmakers, including Senator Joe Manchin III, a West Virginia Democrat whose vote is critical to passing the overall package.

Treasury officials and a group of Senate Democrats are continuing to negotiate with Mr. Manchin on narrowing the proposal in a way that he could support.

As it stands, the plan to bolster I.R.S. enforcement is projected to raise $400 billion over a decade, down from the $700 billion in the original proposal.

Reducing the deficit, maybe.

Mr. Biden said on Thursday that his plans were “fiscally responsible” and claimed that the proposals, if enacted, would reduce the country’s budget deficit.

The $2 trillion of proposed tax increases would more than offset the $1.85 trillion in spending on housing, child care and climate initiatives. However, nonpartisan scorekeepers such as the Congressional Budget Office have in the past offered less rosy projections of what Biden administration proposals might actually raise in revenue.

Additional I.R.S. enforcement personnel will take years to get up to speed, and audits could be less effective without the additional bank information the Treasury Department is seeking.

Some Democratic lawmakers are also still fighting for the inclusion of provisions that could actually cost money, including a partial or temporary restoration of SALT, the state and local tax deduction that Republicans capped in 2017. Last-minute additions such as that could add to the cost of the overall package.

BU KONUYU SOSYAL MEDYA HESAPLARINDA PAYLAŞ
ZİYARETÇİ YORUMLARI

Henüz yorum yapılmamış. İlk yorumu aşağıdaki form aracılığıyla siz yapabilirsiniz.

BİR YORUM YAZ
bahçe dekorasyonu evde ek gelir eskişehir haber sondakika haberleri magazin haberleri seo sorgulama site analiz seo analiz google sıra bulucu backlink sorgulama sunucu tarama çekiliş çekiliş sitesi Who is html kod şifreleme seo hacklink hacklink satış hacklink panel wordpress ücretsiz tema wordpress free themes wordpress free tema wordpress themes wordpress hacklink al kilo verme wso shell php shell hacklink hacklink panel hızlı seo hacklink seo nedir wso shell instagram takipçi hilesi instagram takipçi hilesi
bahçe dekorasyonu evde ek gelir eskişehir haber sondakika haberleri magazin haberleri seo sorgulama site analiz seo analiz google sıra bulucu backlink sorgulama sunucu tarama çekiliş çekiliş sitesi Who is html kod şifreleme seo hacklink hacklink satış hacklink panel wordpress ücretsiz tema wordpress free themes wordpress free tema wordpress themes wordpress hacklink al kilo verme wso shell php shell hacklink hacklink panel hızlı seo hacklink seo nedir wso shell
hacklink satışbacklink satışsite analizseo analizseo araclarıbacklinkcialis jelcialis fiyatlifta 20 mgviagra satın alviagra 100 mg fiyatviagra siparişcialis 5 mg fiyatsertleştirici haplarlifta hapkayganlaştırıcıbayan azdırıcıpenis büyütücülergeciktiricilerereksiyon haplarıpenis sertleştirici haplarpenis büyütme ürünlerisertleştirici ereksiyon haplarısancaktepe escorteskisehir escortalpu escortizmir escortankara escortmersin escorteskişehir escortgaziantep escortsakarya escortkayseri escortantalya escortistanbul escortbursa escortadana escortadıyamanescortafyon escortağrı escortaksaray escortartvin escortaydın escortamasya escortardahan escortbalıkesir escortbartın escortbatman escortbayburt escortbilecik escortbingöl escortbitlis escortbolu escortburdur escortçanakkale escortçankırı escortçorum escortdenizli escortdiyarbakır escortdüzce escortedirne escortelazığ escorterzincan escorterzurum escortgiresun escortgümüşhane escorthatay escortığdır escortısparta escortmaraş escortkarabük escortkars escortkastamonu escortkilis escortkırıkkale escortkırklareli escortkırşehir escortkocaeli escortkonya escortkütahya escortmalatya escortmanisa escortmardin escortmuğla escortmuş escortnevşehir escortniğde escortordu escortosmaniye escortrize escortsamsun escorturfa escortsiirt escortuşak escortsinop escortşırnak escortsivas escorttekirdağ escorttokat escorttrabzon escorttunceli escortvan escortyozgat escortyalova escortzonguldak escortkıbrıs escortpendik escortesenyurt escortzeytinburnu escortküçükçekmece escortbeşiktaş escorttuzla escortbeykoz escortfatih escortsancaktepe escortarnavutköy escortbağcılar escortümraniye escortbeyoğlu escortüsküdar escortesenler escortmecidiyeköy escortsarıyer escortetiler escortlevent escortbebek escortgaziosmanpaşa escortkartal escortbaşakşehir escortşişli escorthalkalı escortbahçelievler escortortaköy escorteyüp escortbahçeşehir escortkağıthane escorttaksim escortçekmeköy escortbayrampaşa escortbeylikdüzü escortkadıköy escortataşehir escortbakırköy escortataköy escortnişantaşı escortkozyatağı escortavcılar escortbüyükçekmece escortkurtköy escortiçerenköy escortbostancı escortşirinevler escorterenköy escortadana escortadıyaman escortafyon escortağrı escortaksaray escortamasya escortankara escortantalya escortardahan escortartvin escortaydın escortbalıkesir escortbartın escortbatman escortbayburt escortbilecik escortbingöl escortbitlis escortbolu escortburdur escortbursa escortçanakkale escortçankırı escortçorum escortdenizli escortdiyarbakir escortdüzce escortedirne escortelazığ escorterzincan escorterzurum escorteskişehir escortantep escortgiresun escortgümüşhane escorthakkari escorthatay escortığdır escortistanbul escortizmir escortkarabük escortkaraman escortkars escortkastamonu escortkütahya escortkayseri escortkıbrıs escortkilis escortkırıkkale escortkırklareli escortkırşehir escortkocaeli escortkonya escortmalatya escortmanisa escortmaraş escortmardin escortmersin escortmuğla escortmuş escortnevşehir escortniğde escortordu escortosmaniye escortrize escortsakarya escortsamsun escortsiirt escortsinop escortçorlu escortçerkezköy escortsivas escortmanisa escortizmir escorthatay escorterzurum escortbalikesir escorturfa escorttrabzon escorttekirdag escortsamsun escortsakarya escortordu escortmugla escortmersin escortmardin escortmaras escortmalatya escortkonya escortkocaeli escortkayseri escorteskisehir escortdiyarbakir escortdenizli escortbursa escortaydin escortantep escortankara escortadana escortkuvvet macunusertleştirici macunyapay kızlık zarısertleştirici ilaçlarserleşme haplarısertleştirici ereksiyon ilaçlarıereksiyon haplarıvajina daraltıcı kremeczane ereksiyon ilaçlarıpenis sertleştiricihacklinkwordpress ücretsiz temahacklink seowso shellwso shellwso shellhtml code encryptionhtml kod şifrelemeinstagram takipçi hilesiçekiliş sitesiserver scansunucu taramasite speed testsite hız testiseo newsgoogle newssite analysisseo analysisbacklink saleshacklink panelwordpress themeswordpress free temaWordpress Free Themeshtml kod şifrelemeWho isbacklink alsunucu taramapubg hile alTanıtım Yazısıseoseo sorgulaseo sorgulamaBest Gaming Monitorswireless earbudsshapermint bra reviewsBest Dog Crateraycon reviewsbest stethoscopeinstagram beğeni hilesiinstagram unfollow freeinstagram takipci satın alinstagram free followersinstagram free followerssmm panelssmm panelinstagram takipci hilesiinstagram Followersinstagram free likesinstagram takipci hilesiinstagram takipci hilesiinstagram takipci hilesiinstagram takipci hilesibomonti escortgültepe escortbursa escortnisantasi escorttaksim escortkurtkoy escort bayanpendik escort bayantatto girlsoyun indirmakale programımeme küçültmeinstagram takipçi hilesibacklink albacklink satışbetebet canlikadın newskadına özelworld newsizmir escortmersin escortataşehir escortataşehir escortbeşiktaş escortesenler escortesenyurt escortfatih escortkadıköy escortkartal escortmaltepe escortpendik escortsarıyer escortpendik escortmaltepe escortkartal escortkadıköy escorttaksim escortsilivri escortşişli escortbağcılar escortbursa escortantalya escortankara escortadana escortgaziantep escortseo analysisistanbul escortviagra satın alviagra fiyatıdegrawso shellc99 shelladana escortcanlı bahisadana eskortbedava bonusdeneme bonusu30 tl bonus veren bahis sitelerihoşgeldin bonusuTürkçe Bahis Şirketlericanlı bahiskaçak iddaabahisbahis sitelerihoşgeldin bonusu veren bahis siteleric99 shellr57 shellbypass shellwebroot shellvigrandedegra 100 mgorcafilcialis nedircialis 20 mg eczane fiyatıcialis fiyatcialis 20 mgcialis 100 mgviagra fiyatliftalifta 5 mghardciscialis eczanecialis 5 mg fiyatıcialis 100 mg fiyatcialis 5 mgviagra fiyatlarıviagra satışonline eczane viagraviagra eczanecialis 20 mgcialis 100 mgcialis hapcialis 20cialis eczanecialis satışcialis fiyatlarıcialis fiyatıviagra fiyatviagra fiyatlarıviagra eczaneviagra satın alpfizer viagra satışonline eczane viagrapfizer viagra satın alviagra siparişviagra sipariş hattıviagra fiyat 2021online viagra siparişviagra fiyat 2021 eczaneviagra fiyat eczaneankara escortAnkara escort kızlarEscort ankaraankara escort bayanSincan escortSincan escort bayanEryaman escortEscort eryamanEscort sincanEtlik escortEtlik escort bayanKızılay escortantalya escortantalya escort bayanantalya escort bayanantalya escortankara escort bayanKeçiören escort bayanEscort ankaraKızılay escort bayanEryaman escort bayanEscort antalyaÇankaya escortEscort antalyaKeçiören EscortÇankaya escort bayanankara escortAnkara rus escortcialis 5 mgkamagra satın alkamagrakamagra jelkamagra jel siparişkamagra siparişkamagra fiyatkamagra jel fiyatıkamagra fiyatıkamagra 100mgkamagra 100mg fiyatsüper kamagrakamagra nedirkayseri escortmozrankGamelooplogsuz shell indirlitespeed bypass shellindoxploit shellphp shellgoogle sıra buluculitespeed bypass shellbacklink sorgulamaeryaman escorthacklink satışbacklink satışhacklink panelhacklinkbingöl escorteskişehir escortkırklareli escortçekmeköy escortsultangazi escortbodrum escortkuşadası escortc99 shellc99 shelllifta 20 mgliftalifta 20lifta 20 mg nedirlifta nedirhacklink seokarşıyaka escortbuca escortalsancak escortkonak escortkuşadası escortbeylikdüzü escortbornova escortçeşme escortgöztepe escortçankaya escortankara escortankara escort bayanescort ankaraescort ankaraankara escort bayanankara escortankara escortankara escort bayanescort ankaraphp encodebase64 encodecialis fiyatcialis fiyatlarıcialis 20 mgcialiscialis 100 mgcialis 5 mgcialis satışviagra fiyatıPendik EscortTuzla EscortKartal EscortKurtkoy EscortMalatya EscortEryaman EscortÇankaya Escortkayseri escortadana escortamasya escortbartın escortbatman escortadıyaman escortbayburt escortartvin escortantalya escortaydın escortbalıkesir escortağrı escortafyon escortbilecik escortbingöl escortburdur escortbolu escortbursa escortçanakkale escortçorum escortdüzce escortedirne escortçankırı escortdiyarbakır escortdenizli escortelazığ escortgiresun escorthatay escortkaraman escortısparta escortmaraş escortkars escortkastamonu escortgümüşhane escorteskişehir escortkarabük escorterzincan escorterzurum escortkayseri escortkütahya escortkırıkkale escortkırklareli escortmardin escortkonya escortmuğla escortkocaeli escortmanisa escortmersin escortkırşehir escortmalatya escortmuş escortosmaniye escortnevşehir escortniğde escortsamsun escortordu escortrize escorturfa escortsakarya escortsinop escorttekirdağ escortyalova escortzonguldak escortyozgat escortsivas escorttunceli escorttrabzon escortuşak escorttokat escortvan escortşırnak escortsivas escortuşak escorttunceli escortkıbrıs escortkıbrıs escorttekirdağ escortyozgat escorttokat escortzonguldak escorttrabzon escortvan escortyalova escortviagra fiyatinstagram followers freeEreksiyon Haplarıorcafil 5 mgflynta 5 mglifta 5 mgflynta 20 mglifta 20 mgdegra fiyatdegra 100 mgsildegra 100 mgsildegrasinegravigrandevigrande 100 mgcombo 100 mgvigaroojeligrasisli escortankara escortantalya escortANKARA ESCORTankara escortspam skoru öğrenalexa sorgulamaspam skoru sorgulamawho isalexa sorguyemek tarifleriyemek tarifi alyemek tarifitatlı tarifipasta tarifihacklink satışbedava bonusdeneme bonusucialis fiyatıcialis siparişbeylikdüzü escortçanakkale escorterotik film izleyeşilköy escortyenibosna escortzeytinburnu escortüsküdar escortümraniye escorttopkapı escorttaksim escortsuadiye escortşişli escortşirinevler escortsilivri escortpendik escortortaköy escortnişantaşı escortmerter escortmecidiyeköy escortmaslak escortmaltepe escortmahmutbey escortlevent escortkurtköy escortküçükyalı escortküçükçekmece escortkartal escortkağıthane escortkadıköy escortikitelli escortharamidere escorthalkalı escortgöztepe escortflorya escortfındıkzade escortfatih escortetiler escortesenyurt escorterenköy escortcihangir escortcevizli escortcennet mahallesi escortçapa escortçağlayan escortbüyükçekmece escortbeyoğlu escortbeylikdüzü escortbeşiktaş escortbaşakşehir escortbayrampaşa escortbakırköy escortbahçelievler escortbağdat escort escortbağcılar escortavrupa yakası escortavcılar escortataşehir escortatalar escortataköy escortanadolu yakası escortaksaray escortacıbadem escortzeytinburnu escortyakacık escortüsküdar escortümraniye escorttuzla escortbostancı escorttopkapı escorttaksim escortsultangazi escortsuadiye escortşişli escortşirinevler escortsilivri escortsarıyer escortsancaktepe escortpendik escortmerter escortmecidiyeköy escortmaltepe escortkurtköy escortkartal escortkadıköy escortistanbul escortikitelli escortiçerenköy escortgüngören escortgöztepe escortgebze escortetiler escortesenyurt escortesenler escortcennet mahallesi escortçatalca escortbüyükçekmece escortbostancı escortbeykoz escortbayrampaşa escortbakırköy escortbahçeşehir escortbahçelievler escortavrupa yakası escortavcılar escortataşehir escortataköy escortarnavutköy escortanadolu yakası escortanadolu yakası escortkartal escortkurtköy escortanadolu yakası escortkurtköy escorttuzla escortkartal escortpendik escortanadolu yakası escortümraniye escortbostancı escortataşehir escortkadıköy escortanadolu yakası escortmaltepe escortpendik escortkurtköy escortanadolu yakası escortkurtköy escortpendik escortgöztepe escortkartal escortmaltepe escortanadolu yakası escortümraniye escortbostancı escortataşehir escortkadıköy escortanadolu yakası escortkurtköy escortpendik escortmaltepe escortkartal escortümraniye escortbostancı escortkadıköy escortataşehir escortanadolu yakası escortümraniye escortmaltepe escortkartal escortbostancı escorttuzla escortpendik escortmaltepe escortanadolu yakası escortkurtköy escortkadıköy escortkadıköy escortbostancı escortataşehir escortanadolu yakası escortyakacık escortkartal escortkurtköy escortpendik escortanadolu yakası escortmaltepe escortkurtköy escortpendik escortkartal escortgebze escortaydınlı escorttuzla escortmutlukent escortbostancı escortkurtköy escortpendik escortümraniye escortanadolu yakası escortmaltepe escortümraniye escortkadıköy escortataşehir escortanadolu yakası escortcevizli escortatalar escortmaltepe escortkartal escortbostancı escortkadıköy escortataşehir escortanadolu yakası escortanadolu yakası escortümraniye escortkadıköy escortbostancı escortataşehir escortümraniye escortgöztepe escortşerifali escortataşehir escortanadolu yakası escortavrupa yakası escortküçükyalı escortkozyatağı escortiçerenköy escortacıbadem escortataşehir escortgöztepe escortsuadiye escorterenköy escortbostancı escortsuadiye escortkadıköy escortgöztepe escortbostanci escortçekmeköy escortşerifali escortümraniye escortüsküdar escortanadolu yakası escortbostancı escortümraniye escortkadıköy escortgöztepe escorttuzla escortpendik escortkurtköy escortmaltepe escortkartal escortümraniye escortbostancı escortkadıköy escortataşehir escortbeylikdüzü escortpendik escortmersin escortankara rus escortşişli escortbeylikdüzü escortbahçeşehir escortetiler escortavcılar escortmecidiyeköy escorttaksim escortesenyurt escortkonuşanlar izleısparta escortZonguldak escortTrabzon escorttempobetbetbootempobetsafirbet1xbet1xbetrotabettempobettempobetsafirbetcratosslottempobettempobetjojobetsekabetbaymavigrandbettingsekabetpaykwiksultanbetasyabahiselexbetastropaymarsbahisgrandbettingbetisttempobetrestbetjojobettipobetperabetbets10grandbettingsekabetsafirbetgranbettingtempobetvdcasinoyouwinsamsun escortsincan escort