4. Those who have a middle- and lower-income
Trump supporters claim that Joe Biden wants to raise taxes for everyone, no matter the financial situation. As a response, Biden supporters strongly deny this, adding that only Americans who earn $400,000 or more will see a tax increase.
The real question is… Whom can we trust?
According to the Trump camp, Biden will modify the entire tax reform law, while the latter has said many times over that he will NOT do that. Although we can’t say what will happen on November 3, Biden was pretty clear about his proposed tax increase when it comes to those who make $400,000 or more in his campaign, but this doesn’t mean that he gave us “a complete tax guide for 2021”.
To be more specific, the Committee for a Responsible Federal Budget found that the vast majority of Biden’s tax ideas would affect almost all Americans, but most of them will only see a tax hike of 0.2 percent to 0.6 percent.
So, even if you and your family could potentially see a tax increase, the increase will probably be relatively small.
4 thoughts on ““Will Joe Biden Raise My Taxes?” Let’s Find Out!”
About time. But it willbe passed on to the commkn people anyway. Items will skyrocket in price
Who should we trust Biden or Trump? Common man…do you trust Trump with anything?
Joe also said he will do away with the Trump tax cuts, all of them.
If Biden wins, he will probably forget what he promised after the election. He is a politician with dementia. That’s what they do.