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... taxfoundation.org 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... Read more
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Tags: Pain Medicine Source Type: forums