The Hill: White House sends mixed message on higher taxes
media mentionAccording to a report released Thursday by the left-leaning Institute on Taxation and Economic Policy (ITEP), the personal income tax increases in Biden’s campaign plan would impact only 1.9 percent of taxpayers for the 2022 tax year. That analysis was conducted assuming that tax increases applied to both single filers and married couples with income above $400,000.
“I think married couples think of their income as their combined income,” said Steve Wamhoff, director of federal tax policy at ITEP. Read more