Young Smart Money

Joe Biden's tax plan, while tailored specifically to increase taxes for the wealthy, will almost certainly impact your tax situation. In this video, I break down the full implications of Joe Biden's proposed tax plan and what that means for you.Add me on Instagram! - AppleCriderOfficialWith Joe Biden's stance on taxes being quite a bit different from Donald Trump's we can expect some significant changes in tax policy during the next administration. In general, this means higher taxes across the board but specifically targeted at high-income earners.Joe Biden's tax plan specifically identifies individuals making $400,000 or more as high-income earners and these individuals will take most of the increases in individual income tax. Some high earners will even see their combined marginal tax rate rise to over 60%, the highest we have seen since the 1980s.However, there are also a number of changes likely to come to investment taxes, gift and estate taxes, and corporate taxes that will impact t