Six Tax Hikes Joe Biden Wants

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Are higher taxes coming to go along with inflation?

Joe Biden wants more tax from you just because you're rich. While a record number of Americans paid zero federal income tax at all you should pay more. in this video, Andrew shares an article from Forbes News about six tax hikes Joe Biden wants to propose.

00:00 Start
00:43 6 Tax Increases Biden Has Proposed
2:49 Increasing Top Tax Tates for Individual
3:25 Capital Gains Taxed As Ordinary Income Over $1M
4:32 Repeal of Step-Up in Basis
5:44 20% Minimum Tax If You Have $100M
8:29 Repeal Carried Interest Perk
9:17 Repeal 1031

Andrew is reading this article: https://www.forbes.com/sites/robertwood/2022/04/28/6-tax-increases-biden-has-proposed/?sh=3dc21c5c2cba

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.