ilmscore | NEW Minimum Tax Bill - Changes Explained

NEW Minimum Tax Bill - Changes Explained

Published: 2022-03-28
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Families with over $100 million net worth will be required to pay a minimum 20% tax on their personal income.
"Families with a household net worth of over a hundred million dollars would be forced to pay a minimum of 20 on their personal income."
Billionaire Minimum Income Tax
Pending
Jeff Bezos is projected to pay an additional $35 billion annually and Elon Musk an additional $50 billion annually if this tax bill passes.
"Jeff bezos will pay an additional 35 billion dollars a year with this change and elon musk an additional 50 billion dollars a year."
Billionaire Minimum Income Tax Impact
Pending
The Mega Backdoor Roth IRA allows annual contributions of up to $58,000, irrespective of income.
"it allows you to contribute up to 58 000 a year regardless of your income"
Mega Backdoor Roth IRA
Pending
This specific billionaire tax bill has a higher probability of passing compared to previous proposals.
"this bill specifically has a higher chance of passing than the last one"
Billionaire Tax Bill Passing Probability
Pending
If passed, the billionaire tax bill will affect approximately 700 Americans, representing the top 0.01% of earners.
"this bill if passed will affect the top 100 percent of americans not the top one percent but the top point zero one percent which affects roughly 700 americans"
Billionaire Tax Bill Affected Population
Pending
The proposed billionaire tax bill is estimated to reduce the federal budget deficit by $360 billion annually over the next decade.
"this bill specifically is supposed to reduce the federal budget deficit by 360 billion dollars a year over the next 10 years"
Billionaire Tax Bill Deficit Reduction
Pending
Peter Thiel reportedly grew his Roth IRA to $5 billion in 20 years.
"peter thiel was able to do it in just 20 years"
Peter Thiel's Roth IRA Growth
Pending
A company exists that allows individuals to hold Bitcoin and other cryptocurrencies within retirement accounts.
"i was speaking to a company that allows people to put bitcoin and crypto inside of a retirement account"
Bitcoin in Retirement Accounts
Pending