Biden Will Raise Taxes on the Middle Class

BIDEN WILL RAISE TAXES ON THE MIDDLE CLASS

Since the 2020 campaign, Joe Biden has repeatedly promised Americans that he would never raise taxes on the middle class.
On the campaign trail, he told voters:

"I promise you, you have my word, if you make less than $400,000 a year, you won’t pay a penny more in taxes."

It turns out, that's a big, fat lie.
According to the non-partisan Congressional Joint Committee on Taxation, Biden's "Build Back Better" plan would hike taxes on the millions of Americans making $40,000 and above.

Here's who would be affected:

4.7% Americans earning $40,000 and $50,000
8.8% Americans earning $50,000 and $75,000
17.9% Americans earning $75,000 and $100,000
34.8% Americans earning $100,000 and $200,000
59.1% Americans earning $200,000 to $500,000

Under the Build Back Better Bill, more than 2/3 of taxpayers would either receive no benefit or a tax increase.

By 2027, 85% of Americans will fall into this category.
So it's a progressive tax plan that gets progressively more progressive as it ages. Horrible.

[Source: GOP Ways and Means committee]

https://www.spreaker.com/user/9922149/biden-will-raise-taxes-on-the-middle-cla

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