[ad_1] Democrats are currently considering including a tax break for the wealthy in the reconciliation bill — but Sen. Bernie Sanders (I-Vermont) has rejected the proposal, calling the idea “beyond unacceptable.” Democrats are debating adding a repeal of the SALT tax deduction cap for five years in their Build Back Better Act. Under the current
[ad_1] Follow us on Telegram for the latest updates: In an adjournment motion in Parliament on Monday (Nov. 1), Workers’ Party Member of Parliament Jamus Lim proposed that Singapore adopt a wealth tax of between 0.5 percent and 2 per cent on net wealth above S$10 million. Lim, an associate professor of economics and
[ad_1] In 2019, revenue from personal income taxes made up 24 percent of total tax revenue across OECD countries. Countries tax labor income in various ways through payroll taxes, personal income taxes, and, in some cases, surtaxes. Between 2019 and 2021, eight European countries in the OECD changed their top personal income tax rates. Of these eight countries, four cut