Biden planning minimum tax for corporations and the rich

Biden planning minimum tax for corporations and the rich

Joe Biden has proposed a plan that would use taxes on the wealthy and corporations to pay for $3.2 trillion in promised investment in infrastructure, higher education and healthcare. Biden’s proposal suggests a new minimum fee on companies that report a profit on their books but end up paying far less than the official tax rate.

John W
John W 7 months

Video emerges of Biden talking about how much he loves to have children sit on his lap and stroke his hairy legs.

Dave 7 months

The rich are rich for a reason. They know how to get around things like this. Say "Everyone who earns over $100k a year gets 70% tax!" then all of a sudden, no one earns over $100k a year. Just a bunch of CEOs earning $99k a year and getting huge annual "bonuses" or shares, which they can cash in later.

Rhokanth 7 months

Some of the largest companies are still in the USA BECAUSE they are tax exempt. Say goodbye to Boeing, Intel, Amazon, Google, Microsoft because they'll be heading to Mexico if this ever passes.

Brennan 7 months

Biden: Here’s how I please my millennial base after them to ‘Give me a break’

Miles O'Brien
Miles O'Brien 7 months

Why not a flat tax, Bernie? It makes the most sense.

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