Biden: If It Moves, Tax it. If it Makes a Profit, Tax it. If it Dies, Tax It Again!

Unleash Prosperity Hotline
Issue #117
9/17/2020

1) Biden: If It Moves, Tax it. If it Makes a Profit, Tax it. If it Dies, Tax It Again!

Joe Biden is promising that he will grow the economy, end the pandemic recession, and bring blue-collar jobs back to America with the biggest rise in tax rates in modern times – if not ever.  The plan would raise income tax rates to 52% – the highest levels since that economic wizard Jimmy Carter was in the White House. Small business owners, who have had a hellish time staying above water during the government-imposed lockdowns, would see their tax rate soar from about 29% to almost 40% if they dare start making a profit. Investment taxes would rise to as high as 40%. There is a new death tax of 40% on stock passed on from one generation to the next. We are confident that this plan will create millions of new jobs – in China, India, Mexico, and Russia.

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