Biden's Budget Puts You in Target

Not all of you, of course.  But certainly Lawson Whiting and other top-level bev/al execs who make more than $400,000 as well as the companies they run and all large companies.  That's according to this morning's Wall Street Journal.  You really should read this article, especially if you control your company's political donations.

He wants to quadruple the tax on stock buybacks, and slap a new minimum 25% tax on wealthy individuals unrealized capital gains.  And he wants to raise the top individual tax rate, the top corporate tax rate, tax top earners' capital gains at higher rates and increase taxes on U.S. companies foreign profits. Anyone looking to buy Bahamas real estate?  (The Bahamas don't have an income tax regime.)  

Of course he wants to increase fraud investigations and persecutions, saying every dollar invested in this effort will return $10 later on.  As Lord Keynes said, "In the long run, we're all dead."