Our Finance Guide
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
Our Finance Guide
No Result
View All Result
Home Loans

Biden wants to raise $1.5 trillion by taxing the rich. Here’s how

President Joe Biden unveiled his American Families Plan on Wednesday.

admin by admin
May 2, 2021
in Loans, Tax, Uncategorized
0
Biden wants to raise $1.5 trillion by taxing the rich. Here’s how

Taxes may soon be going up for the wealthy.

President Joe Biden aims to fund expanded education, child care, paid leave and other reforms by collecting more tax revenue from Americans who make more than $400,000 a year.

Related articles

U.S. ready to help Mexico finance solar plans, Lopez Obrador says

These Are the Best Ways to Finance a Car Purchase in 2023

He would do so by raising the top income and capital gains tax rates, changing the taxation of wealthy estates, closing so-called tax loopholes and focusing audits of the rich to prevent tax evasion.

All told, the American Families Plan would raise $1.5 trillion over a decade by taxing the highest earners, according to the White House.

 

“I think you should be able to become a billionaire or a millionaire,” Biden told Congress on Wednesday night in a speech outlining his agenda. “But pay your fair share.”

The richest 1% of taxpayers, who have an average income of $2.2 million, would shoulder the burden of the tax hike, according to an analysis published by the Institute on Taxation and Economic Policy.

Two-thirds of this group would see their taxes increase, by an average $159,000 a year, according to the analysis.

Of course, the proposal faces headwinds in Congress. Passage isn’t guaranteed and parts of the plan may change.

 

 

 

read more

admin

admin

Related Posts

U.S. ready to help Mexico finance solar plans, Lopez Obrador says

MEXICO CITY, Dec 20 (Reuters) - The United States is offering to help Mexico with loans to finance planned solar power stations in the northern state...

These Are the Best Ways to Finance a Car Purchase in 2023

Car financing is an important part of buying a vehicle and can be the difference between getting your ideal car and settling for something less. A...

As funds run dry, Idaho Housing and Finance will soon pause emergency rental assistance program

The Idaho Housing and Finance Association plans to pause applications for emergency rental assistance funds on Dec. 29 because federal funds are quickly running dry for...

Score Payday loans Relief into the Denver, Texas within the super easy

You can find forms of cash advance save one to Texas citizens can use to save money. Cash advance will appear to be what you want...

The Future of Insurance USA Returns in June 2023

Headwinds of change are ripping through insurance –inflation is causing a profitability crunch, customers are demanding digital perfection, and a scarcity of talent leaves the industry...

Next Post
$10,000 student loan forgiveness: Can Biden eliminate the debt?

$10,000 student loan forgiveness: Can Biden eliminate the debt?

Credit Card Debt Fell 13% During Pandemic

Credit Card Debt Fell 13% During Pandemic

Amazon Prime Rewards Visa Signature Card from Chase

Amazon Prime Rewards Visa Signature Card from Chase

No Result
View All Result

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

RECOMMENDED

Philadelphia Man and Woman Convicted of Tax Fraud
Tax

Philadelphia Man and Woman Convicted of Tax Fraud

Capital Gains Tax Hike And More May Come Just After Labor Day
Loans

Coloradans behind on student loans decreased by 36% during pandemic

CATEGORIES

  • Credit Cards
  • Investing
  • Loans
  • Tax
  • Uncategorized

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

© 2022 Our Finance Guide, All Rights Reserved.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing

© 2022 Our Finance Guide, All Rights Reserved.