In March 2024, the government released a budget proposal outlining potential planned increases in benefits and initiatives. To finance them, they are considering two methods of taxation: increasing business taxation from 21% to 28%, and increasing taxes on high-income taxpayers. One controversial proposal is to impose a minimum income tax of 25% on total income, including unrealized capital gains, for taxpayers with wealth greater than $100 million.

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Disclaimer

All opinions expressed by the show's host and guests are their own. Do not construe them as tax, legal, or financial advice. In addition, they may not represent the policies or opinions of our sponsor, CryptoTaxAudit—research legal, tax, and financial guidance and advice as needed.