Joe Biden has an ambitious tax plan that will ensure the wealthiest Americans as well as large corporations pay their fair share, while providing tax breaks to working class and middle class families. In part 1 of this 3 part series, I explore three of Joe’s proposals for raising taxes on the wealthiest Americans. The proposals include increasing the top federal income tax rate, increasing capital gains tax for certain people, and eliminating something called Step Up in Basis. The proposals have the potential to redistribute massive amounts of wealth in the US every year.
What do you think of the changes I discussed in this video? Let me know in the comments!
Next week I’ll be covering how Joe Biden will ensure that large corporations also pay their fair share in taxes. Make sure you subscribe so you don’t miss out!
******************************
How to Create a Monthly Budget: https://youtu.be/-fkCYOBgCww
How to Use the Cash Envelope System: https://youtu.be/l8DUZ1KWke0
******************************
Let’s connect!
Facebook: www.facebook.com/practicalpf
Instagram: www.instagram.com/practicalpf_
