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1. Joe Biden's Tax Plan:
They're going up.
#shortestthreadever
Kidding.
Well, they ARE going up, so that part isn't wrong, but here are the specifics, as best we can tell....for now*
*subject to change if Uncle Joe changes his mind, so this is hypothetical for now
They're going up.
#shortestthreadever
Kidding.
Well, they ARE going up, so that part isn't wrong, but here are the specifics, as best we can tell....for now*
*subject to change if Uncle Joe changes his mind, so this is hypothetical for now
1b. But, if you want to know what is likely to happen, read on........
2. The maximum tax rate is going up on income over $400,000 a year – from 37% presently to 39.6%.
Also, you currently don't pay the highest rate until you make $622,000....so the tax is not only going up, but you're getting there sooner.
Also, you currently don't pay the highest rate until you make $622,000....so the tax is not only going up, but you're getting there sooner.
