The Biden Tax Plan “Dissected” on Tax Day 2021

Biden Tax Plan: Details & Analysis | Tax Foundation

NOT JUST A POLL TAX?

LINK: https://taxfoundation.org/joe-biden-tax-plan-2020/

PDF FILE: https://files.taxfoundation.org/20201109095935/Details-and-Analysis-of-President-Elect-Joe-Bidens-Tax-Plan.pdf

The Bidentax plan includes the following payroll tax, individual income tax, and estate and gift tax changes.

It imposes a 12.4 percent Old-Age, Survivors, and Disability Insurance (Social Security) payroll tax on income earned above $400,000, evenly split between employers and employees.

ASSESSMENT: Your thoughts are appreciated.

THANK YOU

***

2 Responses

  1. Compromise?

    As he searches for compromise on his infrastructure plan, President Biden offered to replace his proposed corporate tax increase for a 15% minimum tax on corporations as a way to fund the plan.

    Jorge

    Like

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: