Biden’s tax proposals will trigger a depression!

Upper Township - Biden’s tax proposals will trigger a depression! Source: taxfoundation.org. Corporate income tax 21% to 28%, corporate alternative tax 15% to 21%, corporate stock buy back tax 1% to 4%, permanent loss limitation, further limit employee deductibility, global intangible low-tax income (GILTI) 10.5% to 21%, Individual top rate changed to 39.6%, long term capitol gains as ordinary income, expand base of net income, increase Medicare tax, more limits on retirement account contributions , tax carried interest as ordinary income, tighten rules for estate tax, wealth tax 25% of assets.