Everybody's Business - Bloomberg podcast on "Salaries are for Suckers" and #WealthTax #EstateTax

Also chatting with #GenAlpha kids and their skepticism regarding both #SocialMedia and generative #ai #LLMs

#StaceyVanekSmith
https://www.iheart.com/podcast/1119-everybodys-business-274105970/episode/salaries-are-for-suckers-323883796

Salaries are for Suckers - Everybody's Business | iHeart

<p>While salaries are an anchor in many Americans' lives, billionaires instead rely on investment income and tax avoidance to line their pockets. Professor and author Ray Madoff takes us behind the curtain of the mega-rich and their asset-saving tricks, just as states like California and cities like New York debate how to address their crushing budget shortfalls. Plus, what Generation Alpha thinks about your skinny jeans, and Steven Colbert takes on the FCC.</p><p>See <a href='https://omnystudio.com/listener'>omnystudio.com/listener</a> for privacy information.</p>

iHeart
President Lee Jae-myung acknowledged the need to review South Korea's inheritance tax system but ruled out a fundamental overhaul, citing ongoing debate and political challenges as emigration rises among wealthy citizens.
#YonhapInfomax
#InheritanceTax #PresidentLee #TaxReform #Emigration #EstateTax
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93710
President Lee Says 'Inheritance Tax Has Unreasonable Aspects, But Fundamental Overhaul Not Under Consideration'

President Lee Jae-myung acknowledged the need to review South Korea's inheritance tax system but ruled out a fundamental overhaul, citing ongoing debate and political challenges as emigration rises among wealthy citizens.

Yonhap Infomax

Wealth Gap: Last Week Tonight with John Oliver (HBO)

https://peertube.gravitywell.xyz/w/diW8Y3GweEX8JR77SNbJUh

Wealth Gap: Last Week Tonight with John Oliver (HBO)

PeerTube
PT. 1 Property tax changes in Austin Tx #texasrealtors #taxlaw #propertytax #estatetax

from Austin Uncovered

Jennifer Martin - South By West Austin Real Estate

I just read that the US estate tax exemption limit was raised, in the Fat Ugly Bill Act, to $15 million. In the last 25 years, the exemption has grown at 15% per annum, faster than inflation.

Heres an idea for Dems. Start calling the estate tax, the debt reduction tax and call for lowering the exemption to where it would have been, had it been indexed to inflation.

This should be easy...

#economics #uspol #estatetax

2025 Washington State Estate Tax update introduces significant changes including higher exemption amounts and new estate tax brackets starting July 1, 2025. Read more about how this could affect you and your clients: https://wix.to/etqd1dc #EstateTax
2025 Estate Tax Update, Federal and Washington

Washington estate tax changes include an increased exemption amount for individuals dying on or after July 1, 2025, and a higher top tax rate for estates over $9 million

Premack Law Office

I used to take the incessant Death Tax resistance like indigestion. #EstateTax proposals can be fair if not at least reasonable.

But Kamala's wealth tax proposal is dead stop intolerable save for anyone who wouldn't try to flee Venezuela. She needs that on top of price controls.

How did they make Democratic voters not able to notice?

https://www.snopes.com/fact-check/harris-capital-gains-tax/

Yes, Harris Plans to Institute 25% Tax on Unrealized Capital Gains — of Wealthiest Americans

The plan will be "the absolute end of the middle class," U.S. Rep. Lauren Boebert, from Colorado, claimed in an X post.

Snopes

“Just between the day before Election Day (Monday, November 4) to a week after the voting deadline (Tuesday, November 12), billionaire wealth jumped $276 billion, with 20% of the gains going to Elon Musk, who alone saw his personal wealth grow by an astounding $57 billion in a week. Now Republicans have promised to protect and expand those riches through more tax cuts.”

#Taxes #WealthAccumulation #EstateTax #EstateTaxRepeal #TaxTheRichFeedThePoor

https://4taxfairness.substack.com/p/even-as-billionaire-wealth-surges?publication_id=892606&utm_campaign=email-post-title&r=1lvw4t&utm_medium=email

Even As Billionaire Wealth Surges After Trump’s Election, New GOP Leader Aims To Give Them $2.7 Trillion Tax Break

America’s Top Plutocrats Are Now Worth A Record-Breaking $6.7 Trillion, Yet Republicans Under New Senate Chief Thune Want To Eliminate Estate Tax

The Tax Decode
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