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Biden is set to propose higher taxes for the rich. Here's how they work

Summary by Ground News

President Joe Biden is expected to propose a new tax on billionaires in his State of the Union Address. Biden also is set to propose quadrupling the tax on corporate stock buybacks. The top 1% of Americans controls 32% of the country's wealth, according to a study.

Published 1 month ago

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Biden proposes higher taxes for the rich. Here's how they work.

The taxes on the rich were announced during President Joe Biden's State of the Union address.

1 month ago·United States

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abc 6 Philadelphia

Biden is set to propose higher taxes for the rich. Here's how they work

Biden administration's agenda includes two policy proposals: a new tax on billionaires and the increase of a current tax on corporate stock buybacks.

1 month ago·Philadelphia, United States

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Biden is set to propose higher taxes for the rich. Here's how they work

The wealth of the top 1% increased by $6.5 trillion in 2021, according to a study the Federal Reserve released last year. That wealthiest sliver of Americans controls 32% of the country's wealth, the study found.

1 month ago·Houston, United States

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Biden is set to propose higher taxes for the rich. Here's how they work

The wealth of the top 1% increased by $6.5 trillion in 2021, according to a study the Federal Reserve released last year. That wealthiest sliver of Americans controls 32% of the country's wealth, the study found.

1 month ago·Chicago, United States

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Biden is set to propose higher taxes for the rich. Here's how they work

Biden administration's agenda includes two policy proposals: a new tax on billionaires and the increase of a current tax on corporate stock buybacks.

1 month ago·Los Angeles, United States

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Biden is set to propose higher taxes for the rich. Here's how they work

The wealth of the top 1% increased by $6.5 trillion in 2021, according to a study the Federal Reserve released last year. That wealthiest sliver of Americans controls 32% of the country's wealth, the study found.

1 month ago·New York, United States

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