How the US plans to tax the rich

Raising capital gains tax and closing loopholes that favour highest earners among proposals


(NYTIMES) - So how do you define who's wealthy?

The latest proposed tax changes from the House Ways and Means Committee essentially say a wealthy individual is someone who earns US$400,000 (S$542,000) a year or a couple with US$450,000 in annual income.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.