033 | Billionaire's Tax Proposal
from PoFU Podcast
Don't let the opening dialogue fool you, we are not anti-billionaire! President Biden recently announced a proposal within the 2023 budget called the "Billionaire Minimum Income Tax." This proposal, if approved, would impose a 20% minimum tax rate on all households worth more than $100 million. Arguably the most controversial aspect of the proposal is the taxing of unrealized capital gains. In this episode we give our very frank (and political!) opinions on this proposal and potential pitfalls. We'd love to hear your thoughts on the subject as well!
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