April 29, 2021

CNBC: Biden wants to raise $1.5 trillion by taxing the rich. Here’s how

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The richest 1% of taxpayers, who have an average income of $2.2 million, would shoulder the burden of the tax hike, according to an analysis published by the Institute on Taxation and Economic Policy.

Two-thirds of this group would see their taxes increase, by an average $159,000 a year, according to the analysis. Read more



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