TripItUp
Footballguy
https://www.cnbc.com/2020/03/05/joe-biden-would-significantly-increase-investors-taxes-if-elected.html
KEY POINTS
Former Vice President Joe Biden’s plan to raise taxes on corporations and wealthy households would increase federal revenue by $4 trillion over the next decade, according to a new analysis by the nonpartisan Tax Policy Center.
While Wall Street may view Biden as more moderate than self-declared democratic socialist Sen. Bernie Sanders, investors would still face dramatic tax increases under his proposals.
The biggest tax increase on households would be the application of the payroll tax to income over $400,000. That provision alone would raise $962 billion over a decade, TPC found.
Last edited by a moderator: