Even though the votes are still being counted and the US presidential election results aren’t final, some Americans are already celebrating what seems to be former Vice-President Joe Biden’s victory. Now, they’re taking a closer look at the politician’s policies. And one of them is increasing taxes. Naturally, when people hear about tax increases, they tend to panic (and blame 2020). But in this case, Biden pledged not to raise taxes on anyone earning less than 400k dollars per year. In other words, around 90 percent of taxpayers would be safe from the tax hike.
Twitter users had a lot of fun showing that the vast majority of Americans had nothing to worry about by posting examples from their lives and how you can tell that Biden’s tax hike won’t affect you. Scroll down to check out the funniest ones and remember to upvote your fave tweets. Let us know in the comment section which of these tweets you relate to the most.
David Alexander Bateman, the Director of Undergraduate Studies at the Department of Government at Cornell University, told Bored Panda that almost all presidents try to make changes to the US tax system. “After all, Trump supported the far-right tax plans of Paul Ryan, which amounted to one of the largest upward redistributions in American history. Obama tried and succeeded in very slightly raising taxes. Bush presided over several tax cuts, and Clinton and G. H. W. Bush both presided over modest increases in taxes.” Read on for Bateman’s full insights and the fact that it’s almost guaranteed that Biden is the winner of the elections.
Joe Biden plans to increase taxes for the wealthy and for corporations. However, some Americans were still worried
Image credits: Joe Biden
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