Inflation Reduction Bill Rife With Tax Increases, 15% Min Tax for Businesses

Just to review the bidding on this bill, according to the nonpartisan Joint Committee on Taxation, people earning less than $10,000 a year will be hit the hardest with a 3.1% tax hike. Those between $20,000 and $30,000 will have a 1.1% tax hike. Those making under $100,000, you’ll get a $6 billion tax hike. Under $200,000 will get a $17 billion tax hike.

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