Jennifer Epstein

@jeneps ↗

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Last Checked Sept. 24, 2020

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Wed Dec 04 11:38:53 +0000 2019

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Jennifer Epstein @jeneps

Biden is proposing to double GILTI, a minimum tax on foreign profits of U.S. firms, to 21%. That would raise $340 billion in revenues per recent paper called “Taxing the Rich.” As Biden’s has said for months, he’d also raise top corp rate from 21% to 28%. https://t.co/cvUlCvdYSP — PolitiTweet.org

Posted Dec. 4, 2019 Hibernated

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Jennifer Epstein @jeneps

Biden’s minimum book tax targets companies paying zero or negative net federal taxes as would be set at 10%. His team estimates it would raise $400 billion over a decade based on its conclusion that 300 firms with $100M+ in income would end up paying it. https://t.co/cvUlCvdYSP — PolitiTweet.org

Posted Dec. 4, 2019 Hibernated

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Jennifer Epstein @jeneps

Biden wants to cap tax rates for the wealthy at 28%, which would raise $310 billion. And he’s already proposed eliminating the stepped up basis loophole, raising $440 billion. https://t.co/cvUlCvdYSP — PolitiTweet.org

Posted Dec. 4, 2019 Hibernated