FOX BIZ NEWS: Biden's tax plan would 'substantially' increase burden on wealthiest Americans

Biden's tax plan would 'substantially' increase burden on wealthiest Americans



According to a new analysis of Biden’s tax proposals by the nonpartisan Tax Policy Center, the top 1 percent of Americans would lose 17 percent of after-tax income, or around $299,000 a year. The top tenth of the top 1 percent would pay an average of $1.8 million a year more in taxes.