Akash MittalMay 6, 2023

Have you ever heard of #cryptominers? They are people who use powerful computers to solve complex mathematical problems and earn digital currencies like Bitcoin. In recent years, #cryptomining has become a lucrative business, but it also consumes a lot of electricity. And that's where President Biden comes in.

#BidenTaxPlan #Cryptocurrency

https://akash.mittal.blog/Biden-Proposes-30-Tax-on-Cryptominers-Power-Bills.html

Biden Proposes 30% Tax on Cryptominers Power Bills

MJ MuseMar 27, 2023

https://www.cbsnews.com/news/tax-2023-biden-budget-how-it-will-impact-your-taxes/ Here's how your tax bill could change under Biden's budget

Lower income households would see a benefit from a proposed expansion of the Child Tax Credit and the Earned Income Tax Credit #BidenTaxPlan

Taxes 2023: Here's how your tax bill could change under Biden's budget

Some taxpayers would enjoy an increase in after-tax income, but payments for others likely would jump.

CBS News
MJ MuseMar 14, 2023
https://www.latimes.com/business/story/2023-03-07/wall-street-journal-asks-us-to-weep-for-the-very-very-rich WSJ AsksUsToWeepForTheVery Very Rich Indeed, the states that brag the loudest about having no income tax, such as Texas and Florida, are among those that soak middle- and lower-income residents the most. #BidenTaxPlan
Hiltzik: The rich are whining again about their tax bills

The Wall Street Journal says America 'soaks the affluent.' Try to hold back your tears.

Los Angeles Times
MJ MuseMar 10, 2023
https://www.bloomberg.com/news/articles/2023-03-09/capital-gains-tax-nears-45-in-biden-s-soak-the-rich-budget #BidenTaxPlan would expand the child tax credit to $3,600 for children under six and $3,000 for older children, up from $2,000. This would revert the credit to the more generous version Democrats passed in 2021 during the height of the Covid-19 pandemic. The plan would also expand the earned income tax credit, a benefit for low-income workers, for individuals who do not have children. #BidenBudget
In Biden’s Tax-the-Rich Budget, Capital-Gains Rates Near 45%

President Joe Biden is proposing a series of tax increases on investors and top-earning Americans in his annual budget request to Congress.

Bloomberg