No, Joe Biden Isn’t Raising Taxes For 82% Of Americans. Don Jr. Just Failed Math.
Despite Don Jr.’s alternative facts, Biden’s plan has actually been fairly conservative among the left. The former vice president first promised to not increase taxes on individuals making less than $400,000 back in May and has held to that figure in recent interviews and his detailed 110-page policy document that he drafted with Senator Bernie Sanders. In reality, it would mean an increase for less than two percent, and that increase would be to a rate of 39.6 percent from its current rate of 37 percent. This hardly represents a tax increase for 82 percent of Americans. Also, like all money taxed in our current system, it only applies to taxable income exceeding $400,000.

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