Joe Biden plans to significantly increase federal taxes. The last time this happened in the US was almost 30 years ago.
According to Bloomberg, citing sources, the White House is going to fund a support program in the conditions of the COVID-19 coronavirus. In particular, they plan to raise taxes for people who earn more than 400 thousand dollars a year. And the authorities intend to raise the rate for corporations from 21 to 28 percent.
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