{"id":84320,"date":"2021-11-05T11:07:31","date_gmt":"2021-11-05T11:07:31","guid":{"rendered":"https:\/\/prepistan.com\/blog\/?p=84320"},"modified":"2021-11-05T11:07:31","modified_gmt":"2021-11-05T11:07:31","slug":"which-country-has-recently-proposed-a-wealth-tax","status":"publish","type":"post","link":"https:\/\/prepistan.com\/blog\/which-country-has-recently-proposed-a-wealth-tax\/","title":{"rendered":"Which country has recently proposed a \u2018Wealth Tax\u2019?"},"content":{"rendered":"<p>A. India<br \/>\n<strong>B. USA<\/strong><br \/>\nC. Russia<br \/>\nD. Switzerland<\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>US President Joe Biden has announced more conventional proposed rate hikes on the income of large corporations and the wealthiest Americans, similar to a \u2018Wealth Tax\u2019.<br \/>\nThis new tax would apply to people with over $1 billion in assets or $100 million in income for three straight years. Billionaires would also face an additional tax on non-tradable assets such as real estate and business interests once those assets are sold. This new tax is expected to raise $200 billion to $250 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A. India B. USA C. Russia D. Switzerland Explanation: US President Joe Biden has announced more conventional proposed rate hikes on the income of large corporations and the wealthiest Americans, similar to a \u2018Wealth Tax\u2019. This new tax would apply to people with over $1 billion in assets or $100 million in income for three [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":52812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[27269],"class_list":{"0":"post-84320","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world-current-affairs-mcqs","8":"tag-tax"},"_links":{"self":[{"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/posts\/84320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/comments?post=84320"}],"version-history":[{"count":0,"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/posts\/84320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/media\/52812"}],"wp:attachment":[{"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/media?parent=84320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/categories?post=84320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prepistan.com\/blog\/wp-json\/wp\/v2\/tags?post=84320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}