MJ Muse · @MJmusicinears
416 followers · 4575 posts · Server mastodon.world

cbsnews.com/news/tax-2023-bide Here's how your tax bill could change under Biden's budget

Lower income households would see a benefit from a proposed expansion of the Child Tax Credit and the Earned Income Tax Credit

#bidentaxplan

Last updated 1 year ago

MJ Muse · @MJmusicinears
371 followers · 3965 posts · Server mastodon.world

latimes.com/business/story/202 WSJ AsksUsToWeepForTheVery Very Rich Indeed, the states that brag the loudest about having no income tax, such as Texas and Florida, are among those that soak middle- and lower-income residents the most.

#bidentaxplan

Last updated 1 year ago

MJ Muse · @MJmusicinears
356 followers · 3737 posts · Server mastodon.world

bloomberg.com/news/articles/20 would expand the child tax credit to $3,600 for children under six and $3,000 for older children, up from $2,000. This would revert the credit to the more generous version Democrats passed in 2021 during the height of the Covid-19 pandemic. The plan would also expand the earned income tax credit, a benefit for low-income workers, for individuals who do not have children.

#bidentaxplan #bidenbudget

Last updated 1 year ago