• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
White House To Propose New Minimum Tax On Billionaires

White House To Propose New Minimum Tax On Billionaires

2 months ago
Missing Persons: ICRC To Introduce Central Tracing Agency In Resolving 24,000 Cases In Nigeria

10 Million People At Risk Of Hunger In Northern Africa

2 mins ago
China Eastern Resumes Boeing 737-800 Flights After Crash

First Commercial Flight In 6 Years Leaves Yemen’s Rebel-Held Capital

16 mins ago
Graduate Nurses Demand Increased Monthly Hazard 

Zimbabwe Healthcare Bleeds Amid Mass Nurse Migration

46 mins ago
NCDMB
ADVERTISEMENT
Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

1 hour ago
Nigeria’s Inflation Rate Jumps To 16.82% In April 2022

Nigeria’s Inflation Rate Jumps To 16.82% In April 2022

4 hours ago
Nigeria: Police Service Commission Promotes Disgraced Former Anti-Graft Boss Ibrahim Magu

Nigeria: Police Service Commission Promotes Disgraced Former Anti-Graft Boss Ibrahim Magu

4 hours ago
Petroleum Minister, Sylva Withdraws From Presidential Race

Petroleum Minister, Sylva Withdraws From Presidential Race

4 hours ago
BREAKING: Tunisia Bundle Nigeria Out Of AFCON

AFCON Qualifiers: Mauritius Cleared To Face Nigeria After Winning Appeal

6 hours ago
Nigerian Players Round Up: Awoniyi Bags Brace, Osimhen, Dessers On Target

Nigerian Players Round Up: Awoniyi Bags Brace, Osimhen, Dessers On Target

11 hours ago
World Leaders Welcome Somalia's New President

World Leaders Welcome Somalia’s New President

12 hours ago
Thousands Hold Protests Against Tunisia President

Thousands Hold Protests Against Tunisia President

12 hours ago
Peseiro To Earn $70, 000 Monthly In One Year Contract

Peseiro To Earn $70, 000 Monthly In One Year Contract

12 hours ago
Erik ten Hag Keen To Keep Ronaldo At Manchester United

Erik ten Hag Keen To Keep Ronaldo At Manchester United

12 hours ago
Mali Withdraws From Regional Sahel Force

Mali Withdraws From Regional Sahel Force

12 hours ago
Algeria: Ex-Army Chief’s Ally Sentenced To Death For Treason

Algeria: Ex-Army Chief’s Ally Sentenced To Death For Treason

1 day ago
Blinken Calls For Investigation Into Death Of Palestinian Journalist

Blinken Calls For Investigation Into Death Of Palestinian Journalist

1 day ago
EPL: West Ham Throws Title Race Open As Spurs Ignites Top Four Hopes

EPL: West Ham Throws Title Race Open As Spurs Ignites Top Four Hopes

1 day ago
OFFICIAL: NFF Announces Appointment Of Jose Peseiro As New Super Eagles Coach

OFFICIAL: NFF Announces Appointment Of Jose Peseiro As New Super Eagles Coach

1 day ago
Pope Francis Canonises Hermit, Martyr And Journalist

Pope Francis Canonises Hermit, Martyr And Journalist

1 day ago
Four U.S. Officers Who Responded To Capitol Attack Have Died By Suicide

Armed Groups Clash At West Of Libyan Capital

1 day ago
ADVERTISEMENT
Monday, May 16, 2022
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact
The Heritage Times
No Result
View All Result
Translate | EN FR
  • Login
  • Politics
    Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

    Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

    Petroleum Minister, Sylva Withdraws From Presidential Race

    Petroleum Minister, Sylva Withdraws From Presidential Race

    World Leaders Welcome Somalia's New President

    World Leaders Welcome Somalia’s New President

    Thousands Hold Protests Against Tunisia President

    Thousands Hold Protests Against Tunisia President

    Somalia: Lawmakers Vote To Choose President After 15 Months Delay

    Somalia: Lawmakers Vote To Choose President After 15 Months Delay

    2023: Malami, Ngige Abandon Political Ambitions To Keep Current Job

    2023: Malami, Ngige Abandon Political Ambitions To Keep Current Job

    MD Of Nigerian Company In Charge Of Printing Election Materials Picks Ruling Party’s Governorship Form

    MD Of Nigerian Company In Charge Of Printing Election Materials Picks Ruling Party’s Governorship Form

    Revealed: How Nigeria’s Minister Of Justice, Media Mogul, Other Cabal Members Are Pushing For Central Bank Governor To Succeed President Buhari

    Nigeria: Central Bank Governor, Emefiele, Others Gets Circular Enforcing Buhari’s Resignation Order

    Nigeria's Electoral Body To Suspend Online Voter Registration May 30

    Nigeria’s Electoral Body To Suspend Online Voter Registration May 30

  • Economy
    Nigeria’s Inflation Rate Jumps To 16.82% In April 2022

    Nigeria’s Inflation Rate Jumps To 16.82% In April 2022

    Nigeria Issues Crypto Asset Rules In A Move That Could Boost Adoption

    Nigeria Issues Crypto Asset Rules In A Move That Could Boost Adoption

    Ghana Will Solve Debt Crisis Without IMF Aid – Finance Minister

    Ghana Will Solve Debt Crisis Without IMF Aid – Finance Minister

    Botswana Set To Supply Europe Million Tonnes Of Coal Annually - President Masisi

    Botswana Set To Supply Europe Million Tonnes Of Coal Annually – President Masisi

    Nigerian Content Board To Host Summit on Midstream/Downstream Operations

    Nigerian Content Board To Host Summit on Midstream/Downstream Operations

    Nigeria, 10 ECOWAS Countries In Debt Distress – Report

    Nigeria, 10 ECOWAS Countries In Debt Distress – Report

    Nigeria Working To Improve West African Gas Pipeline Project Performance – Minister

    Nigeria Working To Improve West African Gas Pipeline Project Performance – Minister

    Enumeration Of Beneficiaries For GEEP 2.0 Begins May 12

    Enumeration Of Beneficiaries For GEEP 2.0 Begins May 12

    Crypto Market Sell-off Continues As Bitcoin Falls Below $34,000

    Crypto Market Sell-off Continues As Bitcoin Falls Below $34,000

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

    Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

    Petroleum Minister, Sylva Withdraws From Presidential Race

    Petroleum Minister, Sylva Withdraws From Presidential Race

    World Leaders Welcome Somalia's New President

    World Leaders Welcome Somalia’s New President

    Thousands Hold Protests Against Tunisia President

    Thousands Hold Protests Against Tunisia President

    Somalia: Lawmakers Vote To Choose President After 15 Months Delay

    Somalia: Lawmakers Vote To Choose President After 15 Months Delay

    2023: Malami, Ngige Abandon Political Ambitions To Keep Current Job

    2023: Malami, Ngige Abandon Political Ambitions To Keep Current Job

    MD Of Nigerian Company In Charge Of Printing Election Materials Picks Ruling Party’s Governorship Form

    MD Of Nigerian Company In Charge Of Printing Election Materials Picks Ruling Party’s Governorship Form

    Revealed: How Nigeria’s Minister Of Justice, Media Mogul, Other Cabal Members Are Pushing For Central Bank Governor To Succeed President Buhari

    Nigeria: Central Bank Governor, Emefiele, Others Gets Circular Enforcing Buhari’s Resignation Order

    Nigeria's Electoral Body To Suspend Online Voter Registration May 30

    Nigeria’s Electoral Body To Suspend Online Voter Registration May 30

  • Economy
    Nigeria’s Inflation Rate Jumps To 16.82% In April 2022

    Nigeria’s Inflation Rate Jumps To 16.82% In April 2022

    Nigeria Issues Crypto Asset Rules In A Move That Could Boost Adoption

    Nigeria Issues Crypto Asset Rules In A Move That Could Boost Adoption

    Ghana Will Solve Debt Crisis Without IMF Aid – Finance Minister

    Ghana Will Solve Debt Crisis Without IMF Aid – Finance Minister

    Botswana Set To Supply Europe Million Tonnes Of Coal Annually - President Masisi

    Botswana Set To Supply Europe Million Tonnes Of Coal Annually – President Masisi

    Nigerian Content Board To Host Summit on Midstream/Downstream Operations

    Nigerian Content Board To Host Summit on Midstream/Downstream Operations

    Nigeria, 10 ECOWAS Countries In Debt Distress – Report

    Nigeria, 10 ECOWAS Countries In Debt Distress – Report

    Nigeria Working To Improve West African Gas Pipeline Project Performance – Minister

    Nigeria Working To Improve West African Gas Pipeline Project Performance – Minister

    Enumeration Of Beneficiaries For GEEP 2.0 Begins May 12

    Enumeration Of Beneficiaries For GEEP 2.0 Begins May 12

    Crypto Market Sell-off Continues As Bitcoin Falls Below $34,000

    Crypto Market Sell-off Continues As Bitcoin Falls Below $34,000

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
Morning News
ADVERTISEMENT
Home Economy

White House To Propose New Minimum Tax On Billionaires

March 27, 2022
in Economy, Top Stories
0
White House To Propose New Minimum Tax On Billionaires
19
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

US President Joe Biden’s administration will include more taxes on the wealthiest Americans in its 2023 budget proposal, due to be released on Monday, US media reports.

The “Billionaire Minimum Income Tax” would require the 700 or so American households worth more than $100 million to pay at least 20 percent on their full income, the Washington Post and other US media reported, citing a White House document.

Relatedreading

10 Million People At Risk Of Hunger In Northern Africa

First Commercial Flight In 6 Years Leaves Yemen’s Rebel-Held Capital

“This minimum tax would make sure that the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters,” said the document, cited by the Post.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

A study by the Biden administration this autumn found that 400 billionaire households paid an average of only 8.2 percent in taxes on their income between 2010 and 2018, a rate often well below that of many American households.

The tax would also target unrealized gains in the value of liquid assets, such as stocks, which are not taxed until they are sold.

The new measure, which requires congressional approval to be enacted, could raise up to $360 billion in new revenue over ten years, the document cited by the Post said.

A longstanding goal of the political left, the plan could dramatically change the tax paid by US billionaires.

Tech titan Elon Musk would, for example, have to pay an additional $50 billion in taxes, and Amazon founder Jeff Bezos some $35 billion more, according to calculations by University of California Berkeley economist Gabriel Zucman.

Tags: breakingHeritageheritage timesheritagetimesmedialatestnewsthe heritage timesthtthtafricatop storiesWhite House
ShareTweetSendShare
ADVERTISEMENT
Previous Post

Biden Stirs Concern With Remark That Putin ‘Cannot Remain In Power’

Next Post

Thousands Protest In Madrid Against Abortion

Related Posts

Missing Persons: ICRC To Introduce Central Tracing Agency In Resolving 24,000 Cases In Nigeria

10 Million People At Risk Of Hunger In Northern Africa

May 16, 2022
China Eastern Resumes Boeing 737-800 Flights After Crash

First Commercial Flight In 6 Years Leaves Yemen’s Rebel-Held Capital

May 16, 2022

Zimbabwe Healthcare Bleeds Amid Mass Nurse Migration

Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

Nigeria’s Inflation Rate Jumps To 16.82% In April 2022

Nigeria: Police Service Commission Promotes Disgraced Former Anti-Graft Boss Ibrahim Magu

Next Post
Thousands Protest In Madrid Against Abortion

Thousands Protest In Madrid Against Abortion

Discussion about this post

Heritage Bank

Updates

  • Trending
  • Comments
  • Latest
Nigeria: Rep Member Condemns Renewed Attack On Constituency By Suspected Fulani Herders

Nigeria: Rep Member Condemns Renewed Attack On Constituency By Suspected Fulani Herders

May 15, 2022
Nigeria: Students Stone Coursemate To Death In Sokoto College Of Education Over alleged Blasphemy

Nigeria: Students Stone Coursemate To Death In Sokoto College Of Education Over alleged Blasphemy

May 12, 2022
62-year-old African Reaches Peak Of Mount Everest

62-year-old African Reaches Peak Of Mount Everest

May 13, 2022
Nigeria’s Minister Of State For Petroleum Joins Presidential Race

Nigeria’s Minister Of State For Petroleum Joins Presidential Race

May 9, 2022
Missing Persons: ICRC To Introduce Central Tracing Agency In Resolving 24,000 Cases In Nigeria

10 Million People At Risk Of Hunger In Northern Africa

May 16, 2022
China Eastern Resumes Boeing 737-800 Flights After Crash

First Commercial Flight In 6 Years Leaves Yemen’s Rebel-Held Capital

May 16, 2022
Graduate Nurses Demand Increased Monthly Hazard 

Zimbabwe Healthcare Bleeds Amid Mass Nurse Migration

May 16, 2022
Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

May 16, 2022
NCDMB

Most Recent

10 Million People At Risk Of Hunger In Northern Africa

May 16, 2022

First Commercial Flight In 6 Years Leaves Yemen’s Rebel-Held Capital

May 16, 2022

Zimbabwe Healthcare Bleeds Amid Mass Nurse Migration

May 16, 2022

Nigeria: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris Over N80bn Fraud

May 16, 2022

Nigeria’s Inflation Rate Jumps To 16.82% In April 2022

May 16, 2022

Nigeria: Police Service Commission Promotes Disgraced Former Anti-Graft Boss Ibrahim Magu

May 16, 2022

Petroleum Minister, Sylva Withdraws From Presidential Race

May 16, 2022

AFCON Qualifiers: Mauritius Cleared To Face Nigeria After Winning Appeal

May 16, 2022
HOUSE FORTY THREE RESTAURANT
MOSILO GROUP
ADVERTISEMENT

About

The Heritage Times was established to advance transparency and accountability in leadership and governance. Our vision is to become Africa's foremost provider of quality news and contents. We seek to lead a news media revolution that will foster a sustainable democratic Africa.

Featured

World Press Freedom Day: Where Do African Countries Rank?

2023 Elections: Simple Steps On How To Apply For Voters Card Online In Nigeria

#ReformIELTSPolicy: Group Presents More Evidence To Intensify Campaign For Nigeria’s IELTS Exemption

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

    • About
    • Privacy Policy

    © 2022 The Heritage Times Media.

    No Result
    View All Result
    • Welcome
    • Politics
    • Economy
    • Security
    • Exposé
    • Education
    • Sports
    • Health
    • Entertainment
    • Legal
    • Technology and Science
    • Opinion
    • Columns
    • World
    • __________________
    • Photo Speaks
    • Videos
    • You-Report
    • Whistleblower
    • Advertise
    • HT Events
    • About HT
    • Contact us

    © 2022 The Heritage Times Media.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In