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Reply to "Biden tax proposals - MFJ"
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[quote=Anonymous][quote=Anonymous]This is infuriating. My LLC will get taxed more, my county taxes will probably increase, and it will mean raising my prices. Things will get more expensive and people will lose jobs. How about they just tax Bezos, Buffet, Zuckerberg, Gates, and endowment’s at places like Harvard’s at really high rates? [/quote] They are intending to do that in addition to the Biden tax plans. Elizabeth Warren has revived her wealth tax aka Ultra-Millionaires tax, which would levy 2% on the wealth of those over $50M an 3% on those with wealth of over $1B. The tax would raise an estimated $3T over 10 years. [url]https://www.cnn.com/2021/03/01/politics/elizabeth-warren-wealth-tax/index.html[/url][/quote]
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