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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="quad" data-source="post: 16562100" data-attributes="member: 17952"><p><a href="https://www.wsj.com/articles/top-democrat-proposes-annual-tax-on-unrealized-capital-gains-11554217383" target="_blank">Top Democrat Proposes Annual Tax on Unrealized Capital Gains</a></p><p></p><p><a href="https://taxnews.ey.com/news/2021-0119-yellen-hearing-held-at-finance-committee-1-21-floor-vote-eyed" target="_blank">Yellen hearing held at Finance Committee; 1/21 Floor vote eyed</a></p><p></p><p>Ranking member Ron Wyden (D-OR) said his top economic priority is avoiding the mistake Congress made in the last recession, which is "taking a foot off the gas pedal" — not doing enough to help the economy in 2009 and prolonging a recovery. He said the good news is Yellen knows that going small on coronavirus relief would be a big mistake. Wyden further said there must be an effort to fix the "broken down, dysfunctional tax code," starting with the proposition that corporations and the wealthy must pay their fair share and considering that the 2017 Tax Cuts & Jobs Act (TCJA) caused some jobs to be shipped overseas. <strong><span style="color: #00ffff">He referenced his mark-to-market proposal, under which capital gains income would be taxed at the same rates as wage income and applicable taxpayers would be taxed annually on unrealized gains</span>.</strong> Revenue raised from the proposal, Wyden said, would go toward shoring up the finances of the Social Security program. Wyden said trade policies under the outgoing Administration drove away allies and said concerns about currency manipulation by other nations linger.</p></blockquote><p></p>
[QUOTE="quad, post: 16562100, member: 17952"] [URL='https://www.wsj.com/articles/top-democrat-proposes-annual-tax-on-unrealized-capital-gains-11554217383']Top Democrat Proposes Annual Tax on Unrealized Capital Gains[/URL] [URL='https://taxnews.ey.com/news/2021-0119-yellen-hearing-held-at-finance-committee-1-21-floor-vote-eyed']Yellen hearing held at Finance Committee; 1/21 Floor vote eyed[/URL] Ranking member Ron Wyden (D-OR) said his top economic priority is avoiding the mistake Congress made in the last recession, which is "taking a foot off the gas pedal" — not doing enough to help the economy in 2009 and prolonging a recovery. He said the good news is Yellen knows that going small on coronavirus relief would be a big mistake. Wyden further said there must be an effort to fix the "broken down, dysfunctional tax code," starting with the proposition that corporations and the wealthy must pay their fair share and considering that the 2017 Tax Cuts & Jobs Act (TCJA) caused some jobs to be shipped overseas. [b][color=#00ffff]He referenced his mark-to-market proposal, under which capital gains income would be taxed at the same rates as wage income and applicable taxpayers would be taxed annually on unrealized gains[/color].[/b] Revenue raised from the proposal, Wyden said, would go toward shoring up the finances of the Social Security program. Wyden said trade policies under the outgoing Administration drove away allies and said concerns about currency manipulation by other nations linger. [/QUOTE]
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