Tax Policy Center

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T20-0239 - Former Vice President Biden's Tax Plan as of September 28, 2020: Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2022

An updated analysis of the impact of former Vice President Biden's tax proposals (as of September 28, 2020) on the distribution of federal tax burden relative to current law, by income percentile for 2022. Includes all individual, payroll, estate, and business tax provisions. Includes the effect of TPC’s revised estimate of the foreign minimum tax.

November 6, 2020