Tax rates

The European Union stumbled again in its attempt to implement a minimum corporate tax at 15% as Poland continued to block progress.

The budget calls for a minimum 20% tax rate that would hit both the income and unrealized capital gains of households worth more than $100 million.

The proposal aims to collect more revenue from the largest U.S companies that are earning more than they did before the pandemic and war in Ukraine.

The European Union failed to quickly agree on how to implement a global minimum tax for corporations after concessions proposed by France failed to win over reluctant countries.

His proposal includes partially rolling back the 2017 tax cuts by raising rates on upper-income Americans and corporations.

In the State of the Union, the president pitched elements of his stalled “Build Back Better” program as a means to temper the surge in prices that’s costing him support.

Even though many of the legislation’s original elements, like providing free community college education, were removed, it’s still full of tax provisions.

Senator Joe Manchin threw more cold water on the president's spending plans after inflation spiked to a 7.5% in January, the highest rate in four decades.

European countries are skeptical of the French president's abiliy to jumpstart implementation of a minimum corporate tax.

Whether a rich person will pay more or less in taxes largely depends on just how much income they get, and how it’s earned.