The Biden Effect on Taxes

The video discusses proposed tax changes by Joe Biden, including raising the top tax rate for individuals earning over $400,000 to just under 40%, with the top 1% shouldering most of the burden. Capital gains taxes would also increase to 39.6% for those earning over $1,000,000. Biden plans to raise the corporate tax rate to 28% and impose a 15% minimum tax on profits reported to shareholders. The video contrasts these plans with President Trump's consideration of cutting tax rates, emphasizing the potential impact on the middle class and the market.

What is President Trump's stance on the top tax rate for individuals earning over $1,000,000 a year?

What impact does the teacher suggest electing Biden and Harris will have on the market?