10-08-2020, 08:04 AM
(10-08-2020, 07:42 AM)Goalpost Wrote: I watch the business channel in the morning, so they are talking about it from that perspective. They question Biden's tax plan, nobody under 400,000 to get a tax increase, only people over that figure getting one. But Biden's plan calls for an increase in taxes for capital gains which would affect everyone, including those making under 400,000.
My understanding is that the plan includes an increase in capital gain tax at the top tier, which is only impacting those with a taxable income over $434,550.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
