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Except that's not what is being proposed (they claim their tax hikes only affects the ultra rich which is patently false). Also, I am not middle class, and I pl

Except that's not what is being proposed (they claim their tax hikes only affects the ultra rich which is patently false). Also, I am not middle class, and I plan and have goals to continue to make more income and grow my wealth for myself and my family. Biden's plan to eliminate capital gains or increase it is bad for everybody and investment and growth. The income cap to be able to contribute to roth-ira (tax free growth) is absurd. Everybody should be able to contribute the maximum to a roth regardless of income. Ok, I'll do back door conversion or mega backdoor (Biden plan calls for elimination of back door conversions). There is a war on wealth, and it's not just against billionaires. This is just what they want you to believe.

lostcolony 5y ago
Okay, so you're asking for examples of improvements to the middle class, because you don't see them...and that's coming from a place of legitimately not knowing what it's like to be middle class. Fair enough then. The income cap to be able to contribute to a Roth IRA is indeed absurd, but has also been around for a long time; that's not a Biden thing. Biden's plan isn't to eliminate capital gains (what even...), but to tax it as income for those making over a million; while certainly debatable, that doesn't equate to "bad for everybody and investment and growth" without, you know, some sort of argument as to why (trickle down economics maybe? :P) There is a war on wealth - really? An increase of 2.6% on dollars earned above $539,900 (higher if filing jointly). Yes, that's clearly a war on wealth; clearly, that's going to make everyone destitute.