Should Both Pain-Ballers & 1/2-Ballers Oppose Biden-Harris Tax Plan?
President Biden’s Campaign Tax Plan
Biden’s tax plan is estimated to raise about $3.33 trillion over the next decade on a conventional basis, and $2.78 trillion after accounting for the reduction in the size of the U.S. economy. While taxpayers in the bottom four quintiles would see an increase in after-tax incomes in 2021...
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Details of Biden Tax Plan
Biden’s plan includes the following payroll tax, individual income tax, and estate and gift tax changes:
Imposes a 12.4 percent Old-Age, Survivors, and Disability Insurance (Social Security) payroll tax on income earned above $400,000, evenly split between employers and employees. This would create a “donut hole” in the current Social Security payroll tax, where wages...
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Source: Student Doctor Network - Category: Universities & Medical Training Authors: drusso Tags: Pain Medicine Source Type: forums
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