The End of the U.S. Economy? | Biden’s Shocking Tax Plan

Let's talk about Joe Biden's proposed tax plan. Let's ignore the drama mongering mainstream media journalists, hold on, let’s be rational and logical and understand this new proposed economic plan by Biden and the Democrats, before everyone gets angry. Sorry, but this will not be a political video, its a money video. I don't care which candidate you voted for, the new tax plan by Biden will apply to you in the same manner. I’m a tax LLM and I did multinational tax planing for over 10 years for high net worth individuals and multinational corporations, so I know this area quite well, and I'd like to simplify everything about this new proposed Biden tax plan for you without the hype and agenda you hear in the media.

We will review the plan, understand it, see what impact it will have on the U.S. economy and fact check some of Biden’s claims:
1. What Biden wants to achieve
2. If approved, what will be the REAL impact on the U.S. economy
3. Will this plan achieve the policy goals Biden wants?

Biden’s proposed tax reform has 4 main elements:
• Individual tax rate increase
• Corporate tax increase
• MINIMUM TAX for corporations
• Payroll tax increase
• Capital gains and dividend tax increase

Biden’s main claim is that this plan would:
1. Increase the tax burden of rich taxpayers and corporations
2. raise tax revenue by $3.3 trillion over the next decade
3. Increase overall wealth
4. Reduce tax evasion and avoidance

Let's breakdown this tax plan and see.

This is strictly my opinion, so do your own research and make up your own mind.

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Видео The End of the U.S. Economy? | Biden’s Shocking Tax Plan канала Tom Nash