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My Thoughts On Paying Higher Taxes | Joe Biden Response

my-thoughts-on-paying-higher-taxes-joe-biden-response



Here are my thoughts on the new proposed tax plan, what new changes could go into effect, and how much of an impact this might make – Enjoy! Add me on Instagram: GPStephan | If you want the full analysis, go here: https://taxfoundation.org/joe-biden-tax-plan-2020/

Minority Mindset Tax Plan Video: https://youtu.be/arCWc340Ltc

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The Biggest Changes:

1. Raising the maximum tax bracket from 37% back to 39.6%

2. Applying Payroll Tax to incomes above $400,000 per year

3. Increasing the Capital Gains Tax on incomes over $1 Million Per Year
This would tax long term capital gains as ordinary income, plus a 3.8% surtax, for people earning over $1 million per year. As it is now, on incomes over about $440,000 per year…you pay a flat 20% capital gains tax, PLUS a 3.8% investment surtax…so, 23.8% total, no matter how much you make above that amount.

4. Increasing Corporate Tax Rate from 21% to 28%
4.5 Imposing a 15% minimum tax on corporations with $100 million + in annual income.

5. Allow for a $15,000 Refundable Tax Credit for First Tim Home Buyers
5.5. Allow a $3000 refundable tax credit, and the potential for a $600 bonus

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

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42 Comments
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Robert Dunfee

42 Comments

  1. Kylie TayK
    July 14, 2021 at 1:26 pm

    let’s all just stop paying taxes lol they can’t stop us all

  2. Business With Brenn
    July 14, 2021 at 1:26 pm

    People pay income tax!! I don’t think there is anything wrong with paying an equivalent when It comes to other income sources!

  3. Mark Anderson
    July 14, 2021 at 1:26 pm

    The comments on this video show how deeply misinformed and brainwashed most Americans are to hate the government and vote against their own interests. The next time you want to take a swipe at how awful the government is, maybe consider the fact that half the government (the GOP) actively works to undermine all public policy that would help the country. Imagine a corporation where half the management is working against the company! How well do you think such a corporation will fare?

    Keep in mind that the government isn't some extrinsic entity; it is formed from the society in which it governs. Want a better government? Elect better people. Not every country has the privilege being able to vote for your representatives.

    Also, ask yourself what you've done to research the platforms of all your candidates and elect ethical politicians that work in the interest of the people and the country.

  4. Katy Behnken
    July 14, 2021 at 1:26 pm

    This is really helpful, thank you! You should speak at congress! Lol

  5. Thomas Healy
    July 14, 2021 at 1:26 pm

    Heres my take. If I work 40 hours a week. Literally giving up time of my life to earn money then I shouldnt be paying more taxes on my earnings than a portfolio paying me a dividend.

    I never understood why a portfolio just sitting there gets taxed less than me giving up time to an employer.

  6. Mike Kuhlman Films
    July 14, 2021 at 1:26 pm

    Praying for a Republican administration to replace the Democrat one and restore the previous tax breaks!

  7. Tina *gulp*
    July 14, 2021 at 1:26 pm

    They should tax fake gurus more and anyone who associates with them…

  8. Väinö Lallukka
    July 14, 2021 at 1:26 pm

    Laughs in Finnish

  9. Melissa S
    July 14, 2021 at 1:26 pm

    Now that it is perfectly clear that taxes are NOT going up except for the very rich you should take down this video as it feeds negative views of the current President of the United States? I wonder how many of your listeners make 400,000 or more. A poll of your viewers might help.

  10. Sam Luke
    July 14, 2021 at 1:26 pm

    Interview Peter Schiff.

  11. trugangsta4real
    July 14, 2021 at 1:26 pm

    Fun Fact: between 1936 and 1980, that top marginal tax rate in the US never fell below 70%. Now scary "socialist" Biden is raising it to a whopping 39%, up from 37%. Pay your fair share, bud.

  12. Ferdinand
    July 14, 2021 at 1:26 pm

    14:30 you are describing a government that Is so efficient; you could call it a business.
    Bart Simpson: really makes you think…

  13. Wec19k
    July 14, 2021 at 1:26 pm

    tax money being "spent responsibility" just means – spent the way I want it spent.

  14. Ana S
    July 14, 2021 at 1:26 pm

    Remember who you voted for! Biden mentioned the tax hike and good luck to everyone if the government will agree to audit them.

  15. Trent Does
    July 14, 2021 at 1:26 pm

    Literally the first video I watch in the morning

  16. Juan Felipe
    July 14, 2021 at 1:26 pm

    The governments out of control with its spending. When are the people going to wake up. . .

  17. Kevin K
    July 14, 2021 at 1:26 pm

    Pull up those bootstraps

  18. Raghunandan Reddy C
    July 14, 2021 at 1:26 pm

    43% capital gains on the long-term investment is just insane.

  19. american
    July 14, 2021 at 1:26 pm

    Graham, you didn't mention the corporate tax rate in China which is 25%. One of the reasons the corporate rate was lowered to 21% is to get the corps to repatriate $ back to the US from china. As soon as it goes above 25%, money will start accumulating in China instead of in the US for multinationals. Of course this is simplified but it is a large factor.

  20. PokéCubes
    July 14, 2021 at 1:26 pm

    Damn, they're even tagging your videos now Graham. YouTube hates the truth

  21. Captain Kay
    July 14, 2021 at 1:26 pm

    Few years ago the government in Ghana 🇬🇭 tried to increase the tax on the rich but they had to reverse after a year or so when the rich now became motivated to evade taxes and the tax collected from the rich began to fall

  22. prateek Khandekar
    July 14, 2021 at 1:26 pm

    Flat tax rate

  23. Jacob Golden
    July 14, 2021 at 1:26 pm

    Gov: "taxes are the price you pay to live in a civilized society"

    Mafia: "protection money is the price you pay to live in a civilized neighborhood."

  24. Nicholas A
    July 14, 2021 at 1:26 pm

    If you cut government spending first, they will have no choice but to use what they're able to spend more efficiently

  25. Robert McLaughlin
    July 14, 2021 at 1:26 pm

    Are you insane..audit the Government to see the benefits of the taxes.. this is the GOVERNMENT they don’t even know where the money is going unless it is a pet project…. that would make way too much sense to ever happen

  26. Alta Pedroza
    July 14, 2021 at 1:26 pm

    I stayed to listen to your information and it was clear as mud. I've never even come close to earning more than $50,000 but have always paid taxes. Maybe your information was only for business owners. I've never understood why it's always been barely making it ànd not having sufficient funds to pay taxes. As a regular worker many deductions were taken away. Here I was thinking that after a certain age (70) I wouldn't have to pay any more taxes. Think again.

  27. J Russo
    July 14, 2021 at 1:26 pm

    This shows you that Joe Biden and his whole administration are morons and evil.

  28. M
    July 14, 2021 at 1:26 pm

    I think a VAT tax (value added tax aka consumption tax) is better because there is no way to sneak out of it. If we do keep the income tax, it should go up continuously with income, following a smooth function instead of with brackets

  29. Bruhyce
    July 14, 2021 at 1:26 pm

    If Joe Biden watched this I’m sure he liked the video don’t be alarmed.

  30. Don K
    July 14, 2021 at 1:26 pm

    Just stop paying taxes. those are 'for the little people'.

  31. Brian Fedderson
    July 14, 2021 at 1:26 pm

    Who's going to audit the gov't? Self-audit, lol. Gov't and many leaders in gov't are way to powerful to give up their addiction to money.

  32. Matisse Beck
    July 14, 2021 at 1:26 pm

    England has lower taxes than most of the us AND they have free healthcare, riddle me that AamMEerRIicCAa

  33. Shilough Coy
    July 14, 2021 at 1:26 pm

    Graham for President! Thank you for calling out reckless government spending. Why should anyone be happy about paying more taxes when they are paying that money to people who waste it?

  34. Starie Blue
    July 14, 2021 at 1:26 pm

    Anyone else wake up in the morning and watch videos about taxes too??

  35. Tommunism
    July 14, 2021 at 1:26 pm

    Lmao cry harder millionaire

  36. Leo Parsons
    July 14, 2021 at 1:26 pm

    So the people that work harder should loose more money. Smh

  37. byVartoxYT
    July 14, 2021 at 1:26 pm

    Just have a look at Europe… It works.

  38. Alex Castanon
    July 14, 2021 at 1:26 pm

    Minority mindset!! Knew he was a smart guy

  39. Jacob Stewart
    July 14, 2021 at 1:26 pm

    Comment for algorithm

  40. steve sutley
    July 14, 2021 at 1:26 pm

    "As long as that money is properly used and PROPERLY ACCOUNTED FOR" Are you kidding me Graham, we're talking about the Federal Gov where "properly accounted for" does not exist, ever!

  41. benjamin reynolds
    July 14, 2021 at 1:26 pm

    I’m still not happy with the 10k SALT deduction cap.

  42. H0WL
    July 14, 2021 at 1:26 pm

    csgo tax evasion: ↗️↗️↗️↗️↗️