President Joe Biden is poised to release an infrastructure package that’s expected to be financed largely by higher taxes on corporations and the rich.
Ho hum. The same old lies told by the tax and spenders.
Total bullshit.
As for the $1 million exemption, that is nothing. With housing prices where they are, many in major markets hit that easily. Toss in a small business, if it wasnt destroyed, and you can easily see how this will hit a lot more people than the headline says.
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I forgot about the small businesses but yea it will probably affect more people than I originally thought.
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The taxing in policies in the past affected the small farmers the worst.
People think $5 million is a lot until they realize these farms were worth that in value but people didnt have the money in cash.
There is a big difference between an asset and cash.
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