The president of United States, Joe Bidenhas proposed raise corporate tax from 21% to 28%.
Highlights
- Biden wants a 25% tax for billionaires and large levies for wealthy investors.
- Biden proposes a tax on income above $400,000 of 39.6% in the budget.
”My budget will ask the rich to pay their fair share so that the millions of workers who helped build that wealth can retire with the Medicare they contributed to,” Biden posted on Twitter.
Tomorrow I will publish my budget for 2024, based on the historic progress we have achieved together in the last two years.
It’s pretty long, so text me “Budget” at (302) 404-0880, and I’ll keep you up to date on the investments that matter most to you. pic.twitter.com/5ZSpl6Ay8S
– President Biden (@POTUS) March 8, 2023
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
