Major Biden tax hikes eyed for next bill (not final) include:
- Corporate rate 21->28%
- Global min tax to 21%
- Top income rate to 39.6%
- End fossil fuel subsidies
- Tax investment gains > $1M as wage income
- Tax assets passed on at death
NO to SALT
washingtonpost.com/us-policy/2021…
- Corporate rate 21->28%
- Global min tax to 21%
- Top income rate to 39.6%
- End fossil fuel subsidies
- Tax investment gains > $1M as wage income
- Tax assets passed on at death
NO to SALT
washingtonpost.com/us-policy/2021…
Listen up folks: By “Major Biden tax hikes” I mean “significant” or “consequential” — not that Major Biden, who is a dog rather than a tax collector, will be deciding tax rates
Above is according to two White House sources on current planning but not final and we may not see details for a bit
Preview: Senate parliamentarian in April
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