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拜登的计划将创造工资税“甜甜圈洞”

前副总统乔·拜登。 (照片:Ryan Collerd / Bloomberg) 前副总统乔·拜登。 (照片:Ryan Collerd / Bloomberg)

Raising 税es will be a given, regardless of who wins the White House — that’s the consensus as the nation deals with the deficit and debt fueled by the pandemic stimulus.

Among Democratic presidential candidate Joe Biden’s top 税 moves would be to create a Social Security “donut hole” payroll 税.

作为税收基金会 分析中解释, Biden’s plan imposes a 12.4% payroll 税 on income earned 以上 $400,000, evenly split between employers and employees. This revenue would go to the Old-Age, Survivors, and Disability Insurance programs — that is, the Social Security trust funds.

“This would create a ‘donut hole’ in the 当前 Social Security payroll 税, where wages between $137,700, the 当前 wage cap, and $400,000 are not 税ed,” the Tax Foundation states.

根据一个 新分析 by the Wharton School at the University of Pennsylvania, Biden’s 税 plan would, in a 10-year window, raise $3.375 trillion in new 税 revenue while increasing spending by $5.37 trillion.

包括宏观经济和健康影响,到2050年,拜登平台将 decrease 联邦债务减少6.1%, increase GDP by 0.8% relative to 当前 law, Penn Wharton states.

“Almost 80% of the 增加 in 税es under the Biden 税 plan would fall on the top 1% of the income distribution,” according to the analysis.

Under the Biden 税 plan, households with adjusted gross income of $400,000 per year or less would not see their 税es 增加 directly but would see lower investment returns and wages as a result of corporate 税 增加s, according to the analysis.

那些有AGI的 at or below $400,000 would see an average 减少 in after-tax income of 0.9% under the Biden 税 plan, compared to a 减少 of 17.7% for those with AGI above $ 400,000(收入最高的1.5%)。

Biden’s 税 plan, the analysis explains, focuses on raising 税es on corporations, capital income, and ordinary income of high-income filers by:

  • 实施社会保障“甜甜圈洞”;
  • 取消针对高收入申报者的《减税和就业法》(TCJA)的内容;
  • 提高普通收入最高税率;
  • 消除加重的基础;
  • 以普通税率对资本利得和股息征税;
  • 限制逐项扣除;和
  • Raising the corporate 税 rate.

全国社会保障和医疗保险委员会主席兼首席执行官马克斯·里希特曼(Max Richtman)在一封电子邮件中对ThinkAdvisor表示, ”‘donut hole’ is actually 暂时的差距 from a 急需的调整 current Social Security payroll 税 wage cap.”

Richtman说,由于工资不平等加剧,“ number of workers 其收入超过 tax 上限一直在增长,使社会保障局失去了数万亿美元的收入。百万富翁停止支付社会保障费用 each February. Adjusting the wage cap is an equitable solution that asks the wealthy to pay their fair share of Social Security payroll 税es, which will help keep the program’s trust fund solvent. Over time, the donut hole will eventually close as the wage cap 增加s 每 year.”

没有更多收入,社会保障的退休信托基金“将枯竭 到2035年,”里奇曼说。 “我们支持乔·拜登(Joe Biden)的建议,调整工资帽并保持该计划在未来的财务状况健康,同时还为数百万退休人员提供了长期需要的福利。”

Biden stated recently that he would raise the corporate 税 rate from 21% to 28% “on day one.”

Biden told CNN that “the reason I’d make the changes to corporate 税es, it can raise $1.3 trillion if they just started paying 28% instead of 21%.”

The corporate 税 rate was slashed from 35% to 21% by the Tax Cuts and Jobs Act — the sweeping 税 overhaul enacted in 2017.

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