Tag Archives: Inheritance Tax

Biden’s ‘Middle Class Death Tax’ Breaks Campaign Vow

Many Americans of modest means would be forced to sell assets to pay Biden’s death tax

(Art More) President Biden continues to promise he will not raise taxes on anyone earning less than $400,000, but an analysis of his proposed revision to the way capital gains taxes are paid on estates when people die shows otherwise.

Buried in his American Families Plan is a “middle-class death tax” that would penalize people of modest means, such as a widow with nothing but a home to pass on to her children, according to an analysis published by the Wall Street Journal and reported by DailyMail.com.

Meanwhile, the proposed changes would leave untouched Joe and Jill Bidens’ personal fortune, currently valued at $8 million, according to Forbes.

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