ilmscore | Prediction Details
"although there are other points in this bill which do have a good chance of passing including a top individual tax rate of 39.6 percent so that would mean a tax increase of 2 600 for every one hundred thousand dollars earned above that amount of course there are other tax increases within this as well from repealing the 1031 exchange if you have more than five hundred thousand dollars in profit getting rid of oil and drilling tax deductions considering coal royalties to be income versus a capital gain modifying a state and gift rules and about 30 other increases throughout 120 pages of text that takes way too long to read through"
By Graham Stephan | March 30, 2022 | Pending
From video
It Started: My Thoughts On The Joe Biden Tax Plan 00:08:22 - 00:08:51
Interpreted Prediction
A top individual tax rate of 39.6% is likely to pass, representing a $2,600 increase for every $100,000 earned above that threshold. This is part of broader tax increases that could include repealing the 1031 exchange and other deductions.

Prediction Details

Topic
Top Individual Tax Rate

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