Trump vs. Biden: Who Is Better for Income Taxes?

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Money with Stacy Johnson
Aaron Freeman / Money Talks News

“Bad officials are elected by good citizens who do not vote.”
— George Jean Nathan

Before you head to the polls this year, it’s a good idea to pick up something that seems to be in short supply this year: objective journalism.

Take income taxes for instance.

Read Fox News, and you’ll see stories with info like this:

“Joe Biden’s proposal to hike taxes on corporations and wealthy Americans could dramatically shrink the nation’s economy and destroy millions of jobs, according to new projections from President Trump’s former chief economist.”

Rely on Facebook for your facts, and you may have seen claims that Biden’s tax rate on a family making $75,000 would go from 12% to 25%.

But to hear Biden tell it, nobody making less than $400,000 will pay a dime more in taxes.

What’s the truth?

That’s what we’re going to discuss in this week’s “Money” podcast. We’re going to talk to a CPA — me — about proposed tax changes from both candidates. As usual, my co-host will be financial journalist Miranda Marquit.

Sit back, relax and listen to this week’s “Money” podcast!

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Not familiar with podcasts?

A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.

They’re totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, when riding your bike.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven’t listened to a podcast yet, give it a try, then subscribe to ours. You’ll be glad you did!

About me

I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

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