Here are the massive tax increases coming your way in a second Biden term

Now add the average state corporate income tax at 4% and the average combined Biden rate would be 32%. Households bear the burden of the corporate income tax in the form of higher prices and slower wage growth. These employers pay their taxes through the personal income tax rate, not the corporate rate. California businesses would pay the 44.6% federal capital gains tax plus a 14.4% state capital gains tax for a combined rate of 59%. He has accepted the demand of our European competitors that we set a floor under our corporate income tax rate.