The Briefing Room
General Category => Politics/Government => Topic started by: libertybele on August 23, 2020, 04:26:46 pm
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IOW Sloe Joe will kill one of the most robust economies this country has ever seen. With raising the corporate tax rates, companies again will leave the country and go to other countries (China -- Joe's buddy) to take advantage of lower taxes. Nothing more than furthering and re-instating Bammy's bad policies.
12 Tax Changes Joe Biden Wants to Make
1. An increase in the corporate tax rate
2. A minimum tax on corporate income
3. Double the GILTI tax rate on foreign subsidiaries
4. The imposition of a financial risk fee on large banks
5. An increase of the marginal tax rate for top earners
6. Reinstitute the payroll tax on the top 1%
7. Lift the capital gains tax on filers with incomes above $1 million
8. Eliminate the stepped-up basis
9. Limit itemized deductions
10. Phase out small business income deductions over $400,000
11. Institute first-time homebuyers' and renters' tax credits
12. Up the existing Child and Dependent Care Tax Credit
https://www.yahoo.com/finance/m/9858a813-c8ce-335e-b12b-f6ffb6f74c58/12-tax-changes-joe-biden.html (https://www.yahoo.com/finance/m/9858a813-c8ce-335e-b12b-f6ffb6f74c58/12-tax-changes-joe-biden.html)