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  2. Why Biden’s Proposed Tax Hikes Are a Bad Move

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    But not all economists and policy experts are cheering for the first major tax increase since 1993. ... What Biden’s Proposed Tax Hikes Mean for ... 27 Ugly Truths About Retirement. Last updated ...

  3. Here are the key retirement provisions in the $3.5 trillion ...

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    The provisions for automatic retirement contributions would cost an additional $24 billion in coming years. Other changes, released in the committee’s tax plan, are designed to bring in ...

  4. What Biden’s Proposed Tax Hikes Mean for Average Americans

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    Biden has also proposed an increase in capital gains tax for individuals earning at least $1 million annually, Bloomberg reported. This income would be taxed at the regular income tax rate of $39.6%.

  5. How President Joe Biden’s Tax Plan Could Affect You

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    Biden has proposed raising the marginal income tax rate from 37% to 39.6% for Americans who earn more than $400,000. Those who make more than $1 million annually also would pay 39.6% on long-term ...

  6. History of Social Security in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_Social_Security...

    Under the 1983 amendments to Social Security, a previously enacted increase in the payroll tax rate was accelerated, additional employees were added to the system, the full-benefit retirement age was slowly increased, and up to one-half of the value of the Social Security benefit was made potentially taxable income.

  7. Illinois Fair Tax - Wikipedia

    en.wikipedia.org/wiki/Illinois_Fair_Tax

    The new tax rates proposed by the state legislature in SB 687 includes an increase in corporate income taxes from 7% to 7.99%. SB 687 would also changes the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%.

  8. Tax - Wikipedia

    en.wikipedia.org/wiki/Tax

    A poll tax, also called a per capita tax, or capitation tax, is a tax that levies a set amount per individual. It is an example of the concept of fixed tax. One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. 30:11–16) was a form of the poll tax. Poll taxes are administratively cheap because ...

  9. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_taxes

    The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g. the ...

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