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<div class="watcher-guru">  
 <p>A few hours ago, American <a rel="dofollow" title="President" href="https://thebittimes.com/tag/president.html">President</a> Joe Biden asserted that it’s time for billionaires to pay a minimum tax of <a rel="dofollow" title="25%" href="https://thebittimes.com/tag/25.html">25%</a>. This is not the first time the <a rel="dofollow" title="President" href="https://thebittimes.com/tag/president.html">President</a> has put forth such a proposal. In Q1 2023, he suggested a set of new tax hikes on billionaires, corporations, and rich investors. Apart from suggesting a minimum tax&nbsp;on the wealthy, his budget request additionally recommended doubling the capital gains tax rate from 20% to 39.6%.</p> 
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    <p lang="en" dir="ltr">JUST IN: 🇺🇸 <a rel="dofollow" title="President" href="https://thebittimes.com/tag/president.html">President</a> Biden says it's time billionaires pay a <a rel="dofollow" title="25%" href="https://thebittimes.com/tag/25.html">25%</a> minimum tax.</p>— Watcher.Guru (@WatcherGuru) September 14, 2023
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 <p><strong>Also Read: Crypto: 75% of Binance’s Fiat Trading Volume Dominated by Turkey’s Lira</strong></p> 
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 <p>On social media, the American <a rel="dofollow" title="President" href="https://thebittimes.com/tag/president.html">President</a> recently highlighted the differences between ‘Bidenomics’ and ‘MAGAnomics’. The former focused on ensuring that “wealthy and large corporations pay their fair share in taxes.” Contrarily, Biden contended that the latter revolved around “more tax giveaways for the wealthy and large corporations.” In another post, he asserted,</p> 
 <p>“<strong>MAGAnomics gives $5.1 trillion in tax cuts skewed to wealthy people and big corporations. And cuts $700 billion from Social Security, and $1 trillion from Medicare.</strong>“</p> 
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    <p lang="en" dir="ltr">The difference between Bidenomics and MAGAnomics. pic.twitter.com/rl3DJOCqpR</p>— Joe Biden (@JoeBiden) September 14, 2023
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 <h3 class="wp-block-heading" id="h-dogecoin-founder-calls-out-biden">Dogecoin Founder Calls Out Biden</h3> 
 <p>Not everyone was pleased with Biden’s latest billionaire tax proposal. Dogecoin founder Billy Markus called out Biden for increasing the national debt by trillions of dollars during his tenure as President. Mocking Biden, he posted,</p> 
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 <p><strong>“I overspent my budget by several trillion dollars, but if I finger point at other people and make new laws to claw back 10% of that, all the ignorant people who believe what I say without any critical thinking will hail me as a hero.” </strong></p> 
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  <img decoding="async" width="1024" height="536" src="https://cdn.thebittimes.com/images/2023/09/15/946b61cff55fb14ac4b86dd147114a42.webp" alt class="wp-image-112136" srcset="https://cdn.thebittimes.com/images/2023/09/15/946b61cff55fb14ac4b86dd147114a42.webp 1024w, https://cdn.thebittimes.com/images/2023/09/15/946b61cff55fb14ac4b86dd147114a42.webp 300w, https://cdn.thebittimes.com/images/2023/09/15/946b61cff55fb14ac4b86dd147114a42.webp 768w, https://cdn.thebittimes.com/images/2023/09/15/946b61cff55fb14ac4b86dd147114a42.webp 380w, https://cdn.thebittimes.com/images/2023/09/15/946b61cff55fb14ac4b86dd147114a42.webp 550w, https://cdn.thebittimes.com/images/2023/09/15/946b61cff55fb14ac4b86dd147114a42.webp 800w, https://cdn.thebittimes.com/images/2023/09/15/946b61cff55fb14ac4b86dd147114a42.webp 1160w, https://cdn.thebittimes.com/images/2023/09/15/946b61cff55fb14ac4b86dd147114a42.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p><strong>Also Read: Friend.tech Generates More Fees Than Bitcoin, Solana</strong></p> 
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 <p>Furthermore, Markus went on to question “what” the 25% would be applied to. The Dogecoin founder pointed out that the net worth of the wealthy was not liquid and then additionally ruled out the ‘income’ option, citing an excerpt from the White House website. According to Markus, the proposal intended to tax the unrealized gains by 25%.</p> 
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    <p lang="en" dir="ltr">for all the people very confidently and arrogantly saying income, they aren’t talking about income, as those are literally already taxed at the same rates that everyone else would get taxed at, they’re talking about taxing unrealized gains. <br><br>directly from…</p>— Shibetoshi Nakamoto (@BillyM2k) September 15, 2023
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 <p>Despite Markus’ criticism, it should be noted that the majority of them are on the same page as Biden. A recent poll conducted by The Spectator Index pointed out that 72% of 33,803 voters were in favor of the President’s billionaire tax proposal. </p> 
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   <img decoding="async" width="1024" height="338" src="https://cdn.thebittimes.com/images/2023/09/15/bacacbd0601051ed01ac96a997b7b8ab.webp" alt class="wp-image-112147" srcset="https://cdn.thebittimes.com/images/2023/09/15/bacacbd0601051ed01ac96a997b7b8ab.webp 1024w, https://cdn.thebittimes.com/images/2023/09/15/bacacbd0601051ed01ac96a997b7b8ab.webp 300w, https://cdn.thebittimes.com/images/2023/09/15/bacacbd0601051ed01ac96a997b7b8ab.webp 768w, https://cdn.thebittimes.com/images/2023/09/15/bacacbd0601051ed01ac96a997b7b8ab.webp 380w, https://cdn.thebittimes.com/images/2023/09/15/bacacbd0601051ed01ac96a997b7b8ab.webp 550w, https://cdn.thebittimes.com/images/2023/09/15/bacacbd0601051ed01ac96a997b7b8ab.webp 800w, https://cdn.thebittimes.com/images/2023/09/15/bacacbd0601051ed01ac96a997b7b8ab.webp 1160w, https://cdn.thebittimes.com/images/2023/09/15/bacacbd0601051ed01ac96a997b7b8ab.webp 1182w" sizes="(max-width: 1024px) 100vw, 1024px">
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    Source: X
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 <p><strong>Also Read: NFTs: Stoner Cats Price Up 267% Despite SEC Charges</strong></p> 
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<div class="cs-entry__tags">
 <ul>
  <li>25%</li>
  <li>biden</li>
  <li>billionaire tax</li>
  <li>doge</li>
  <li>Dogecoin</li>
  <li>President</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/dogecoin-founder-slams-president-biden-over-25-tax-proposal-tbt62830.html">https://thebittimes.com/dogecoin-founder-slams-president-biden-over-25-tax-proposal-tbt62830.html</a></p>

Dogecoin Founder Slams President Biden Over 25% Tax Proposal

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