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FOXNEWS Cavuto Live June 4, 2024 15:48:00

Interest, unrealized gains and even artwork. the california bill would also require taxpayers to pay these taxes even if they move out of state. in illinois taxpayers would have to recognize gains on the value of their assets as income even if they haven t sold the asset. and new york s proposal increases state capital gains taxes so much that according to the wall street journal the government would take half of every dollar in investment earnings. this would be entirely new in the united states, and it s pretty novel worldwide. reporter: critics say these new tax schemes will encourage the wealthy to run away to states like florida and texas, but it seems lawmakers proposing these reforms know that. that s why we have california s attempt to tax people even if they leave. neil, back to you. neil: all right. thank you for that, lydia, very, very much. ....

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FOXNEWS Fox News Live June 4, 2024 21:54:00

In coordination with each other. the goal, state lawmakers say, is to make sure wealthy people have nowhere to hide. the measures very state to state and take a cut from large asset holdings regardless whether the assets grew in value. they want to tax all forms of personal property or wealth, this will include not just real estate but also business interests, unrealized gains and artwork. the california bill would require taxpayers to pay these taxes even if they move out of state. taxpayers would recognize gains in the value of their assets as income even if they haven t sold the asset and new york s proposal increases state and capital gains taxes, according to the government to take half of every dollar in investment earnings. ....

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BBCNEWS BBC News March 23, 2022 14:23:00

People struggling with their bills and help the economy. who would have thou~ht it, and help the economy. who would have thought it. a and help the economy. who would have thought it, a politician and help the economy. who would have thought it, a politician trying and help the economy. who would have thought it, a politician trying to - thought it, a politician trying to make themselves look good, excuse my cynicism! he make themselves look good, excuse my nicism! , ., , . cynicism! he should be looking after our country cynicism! he should be looking after our country and cynicism! he should be looking after our country and he s cynicism! he should be looking after our country and he s too cynicism! he should be looking after our country and he s too busy - our country and he s too busy fighting a leadership election in case borisjohnson falls under a bus. we have a serious crisis in our country. thatjob of the chancellor is to focus on that crisis. for millions of fami ....

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