Trending

Biden To Boost Top Taxes To 40% And Increase Medicare Tax

  • Biden’s proposal would raise the top tax rate on those earning $400,000 or more from 37% to 39.6% and the corporate tax rate from 21% to 28%, both of which would undo tax cuts introduced under Trump, according to the news service.
  • The plan also calls for raising the tax on long-term investments for those earing at least $1 million from 20% to 39.6%, Bloomberg wrote.
Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.