TRUMP AND BIDEN PAYROLL AND TAX PLAN COMPARISON 2020
30 Oct 2020 | 2712
About The Ebook
Former Vice President Joe Biden says he won't raise taxes on anyone with annual income of less than $400,000. Meanwhile, President Donald Trump has tweeted, and stated in the second debate, that his Democratic rival would raise taxes to a level never seen before in America.
The person elected president of the United States in November 2020 will have a unique and challenging task—managing the nation's economic recovery after a global pandemic that caused unemployment to surge to levels not seen since the Great Depression. The IMF predicts U.S. economic output will drop 4.3% this year after 2.2% GDP growth last year. The expectation is that once the virus containment measures are lifted and the virus is defeated, the economy will rebound sharply.
We have summarized the comparison between the tax reforms projected by both in this ebook.
About The Author
Mike is a CPA and has over 30 years of experience in thought leadership and mentoring. His experience and constant efforts in solving prevalent issues of accounting industry is his biggest stand out point. He has been instrumental in mentoring scores of entrepreneurial accounting and finance professionals to get up on their feet and convert their practices into successful ones. He has authored a book called 'Principles of High Performance Leadership'
