If anyone is supporting Biden then you need to hold onto your wallet. Don’t drink the kool- aid on his “I’m not going to raise taxes on people making less than $400k.“ WRONG!!!. His plan reduces tax deductions (ie: mortgage interest, medical deductions). He also will in his words, “I promise to end the traditional 401k style retirement Savings tax benefits.“
As reported by Forbes this change will cut the amount of pre-tax dollars that people can put into a Retirement Program. This affects both Employers and Employees. This will result in a tax increase for many Americans. Biden is trying his best to hide tax increases on most Americans. It is very subtle and maybe a small tax increase for most but do you want to give the government any more, than you already give, of your hard earned dollars. I guess that tax increase will help pay for the free Medical care for Illegal Immigrants, which he has promised along with other free stuff. VOTE BIDEN AND ENJOY YOUR TAX INCREASE! (Might also invest in a Rosetta Stone course in learning the Chinese language, you might need it.)
As reported by Forbes this change will cut the amount of pre-tax dollars that people can put into a Retirement Program. This affects both Employers and Employees. This will result in a tax increase for many Americans. Biden is trying his best to hide tax increases on most Americans. It is very subtle and maybe a small tax increase for most but do you want to give the government any more, than you already give, of your hard earned dollars. I guess that tax increase will help pay for the free Medical care for Illegal Immigrants, which he has promised along with other free stuff. VOTE BIDEN AND ENJOY YOUR TAX INCREASE! (Might also invest in a Rosetta Stone course in learning the Chinese language, you might need it.)
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