You Searched For "capital gains of billionaires" and got 20 results
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2 mins read
Here’s how Janet Yellen's proposed tax on unrealised capital gains may work
Capital gains tax is a tax on the profit that investors realise on the sale of their assets. If …
2 mins read
Beijing has surpassed New York City to become the new billionaire capital of the world
The Chinese capital gained 33 billionaires in 2020 for total of 100, just edging out New York City …
Katie Warren
3 mins read
In one day, Elon Musk made $37 billion and slammed Democrats' plan to tax billionaires. Here's what he meant when he said the government will 'come for you.'
Musk said the government could "run out of money" and "come for you." Yet the government has run a …
Ben Winck
3 mins read
Democrats are taking a final swing at a tax on billionaires
Senator Joe Manchin has swung the door open again on spending. Some Democrats want to tax billionai…
Juliana Kaplan,Joseph Zeballo…
2 mins read
America's 10 richest people including Elon Musk and Jeff Bezos — would pay up to $215 billion in taxes on unrealized stock gains under Biden's new plan. They currently pay next to nothing.
President Joe Biden wants to tax billionaires more. A leading economist estimates the top 10 billio…
Juliana Kaplan,Joseph Zeballo…
2 mins read
Elon Musk proposes selling 10% of his Tesla stock in a Twitter poll
In the Twitter poll, Tesla CEO Elon Musk promised to "abide by the results of this poll, whichever …
Yelena Dzhanova,Victoria Cava…
2 mins read
Proposals to tax unrealized capital gains would 'kill the stock market,' billionaire investor Mark Cuban says
"She's open minded, she's not an ideologue, she wants to do what's best for business," Mark Cuban s…
Matthew Fox
3 mins read
26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes
A new analysis finds that Elon Musk had an average tax rate of just 2.1% on his wealth growth from …
Juliana Kaplan,Madison Hoff
2 mins read
Elon Musk just made $37 billion in a single day. Here's how much he could owe under the Democrats' new billionaires' tax proposal.
Democrats' plan would tax the kind of on-paper capital gains that Musk, the world's richest person,…
Andy Kiersz
3 mins read
Biden wants to make sure billionaires pay at least a 20% income tax including on their massive pandemic-era stock gains
Billionaires added $1.7 trillion to their cumulative wealth during the pandemic. President Biden's …
Juliana Kaplan,Joseph Zeballo…
2 mins read
Billionaires added $1 trillion to their wealth in 2021. Taxing their gains could have funded the child tax credit.
Extending the child tax credit for one year would cost $185 billion, according to the CBO. A tax on…
Juliana Kaplan,Madison Hoff
3 mins read
Democrats want to tax billionaires. Here's how much Mark Zuckerberg, Elon Musk, and Jeff Bezos would pay under their new plan.
Democrats are targeting 700 or so billionaires and economist Gabriel Zucman has calculated what the…
Juliana Kaplan,Joseph Zeballo…
2 mins read
Billionaire Leon Cooperman says Biden's billionaire tax is 'stupid,' 'probably illegal,' and 'won't pass'
"They should stop attacking wealthy people and attack the tax code. They're so ignorant," the billi…
Juliana Kaplan
2 mins read
Billionaire investor Howard Marks compares gold's value to a 'superstition' and criticizes taxes on unrealized gains
"What happens if you have a down year? You get a refund?" the Oaktree Capital Management boss quipp…
Theron Mohamed
2 mins read
A top senator wants to tax the cash piles the wealthy are sitting on - and Biden agrees with him
People only pay capital gains taxes when they sell assets, like stocks. Senate Finance's Ron Wyden …
Ayelet Sheffey
3 mins read
Biden's plan to tax billionaires relies on one simple fact: Average Americans pay more of their income in taxes than the wealthy
A famous report from two Berkeley economists shows how the wealthiest Americans pay a lower effecti…
Ben Winck,Madison Hoff
3 mins read
American billionaires added $2.1 trillion to their fortunes during the pandemic
American billionaires' wealth grew 70% this year. These data comes as Democrats debate tax hikes fo…
Juliana Kaplan,Andy Kiersz
2 mins read
Twitter decides Elon Musk should sell 10% of his Tesla stock
Musk's net worth ballooned this year to $335 billion as Tesla stock has soared. A 10% sale of his T…
Victoria Cavaliere
3 mins read
Democrats may leave a tax loophole billionaires love untouched. Closing it would dent the fortunes of Jeff Bezos and Elon Musk.
"Stepped-up basis" lets billionaires transfer assets without paying taxes. Closing it could help ra…
Joseph Zeballos-Roig,Ben Winck
3 mins read
Billionaires saw their wealth grow by 62% during the pandemic, while workers' wages grew by 10%
Around the country, millions of Americans are scrambling to get their taxes together. Many will pay…