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Reply to "Biden tax proposals - MFJ"
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[quote=Anonymous]There's no logic that says they should double it. That's where the "marriage penalty" has traditionally come in. My guess is they'll hike income taxes on $400k+ for individuals and $550k+ for MFJs, but they'll also bump up NIIT or another broad-based tax that will hit everybody $250k+. Is the 28% cap on 401k deductions included? If so, that's a tax hike on individuals $160k+ and MFJs $320k+. [/quote]
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