Wednesday, March 17, 2021

Biden Vows to Raise Taxes on Anyone Earning More Than $400,000 a Year

Joe Biden said during an interview on ABC’s “Good Morning America” that “Anybody making more than $400,000 will see a small to a significant tax increase.” 

“If we just took the tax rate back to what it was when Bush was president -- the top rate paid 39.6% in federal taxes. That would raise to $230 billion,” Biden added.

Yes, take $230 billion away from the most productive, what a clown.

I have previously discussed why taxing the rich is a very bad idea which results in lowering the standard of living for everyone.

The podcast version is here or on your favorite podcast platform.


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