10-08-2020, 08:14 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.
The Tax Foundation’s analysis of his capital gains increase stated that his plan only raises the capital gains rate for those making over $1m.