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disguy_ovahea , (edited )

We’ll be taxing billionaires heavily in the US next year if Biden wins in the fall.

https://home.treasury.gov/news/press-releases/jy2169

Nougat ,

B-b-but Biden hasn't done anything!

disguy_ovahea ,

You’re right in this case. He has to wait for Trump’s tax plan to end before his can go into effect. Trump’s tax breaks for the working class ended in 2022, but the breaks for the wealthy don’t expire until 2025. Tax proposals have to meet budget requirements, and someone had to pay for those breaks for the wealthy and corporations.

taiyang ,

Funny how those dates timed out, almost like they wanted taxes in the working class to go up during a potential democrat presidency. Hmm.

frezik ,

One thing expiring for the middle class is the home office deduction. Up until Trump's 2018 tax changes, W-2 employees could take the deduction, but that changed to contractors only until 2025. Who would have thought that in between those two years, we'd have a pandemic that moved a lot of people into work from home? It's something that a lot of people got swiped away from them and they don't even know it.

Illuminostro ,

He won't. The Heritage Foundation's long game has finally come to fruition. The SCOTUS is bought and paid for. Bribes of politicians are perfectly legal. They've already won. It's all downhill from here. Leave the US while you can. As soon as my Mom dies, which will be very soon, I'm checking out. I've lived 53 years, long enough, and I'm not married, no kids. I won't live in the United Reich of America.

Num10ck ,

interesting that you think anywhere is safe if the US actually collapses.

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