FACT CHECK: Did Joe Biden Propose A 52% Federal Income Tax Rate?

FACT CHECK: Did Joe Biden Propose A 52% Federal Income Tax Rate?

A post shared on Facebook claims Democratic presidential nominee Joe Biden plans to raise federal income taxes to 52 percent.

Verdict: False

Biden’s tax plan does not call for raising the federal income tax rate to 52 percent for any tax bracket.

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Fact Check:

Biden has said he plans to roll back the tax cuts from President Donald Trump’s Tax Cuts and Jobs Act (TCJA) for those making $400,000 or more, according to CNBC. In recent weeks, some social media users have been sharing a post claiming that Biden plans to put a 52 percent federal tax on income.

“Biden’s tax rate for an individuals (sic) income is 52%…” one Facebook post reads. “That’s means $52 of every $100 goes to federal taxes. Once you subtract SSI, state tax, insurance and other deductions will leave you $12 for ever $100 earned.”

There is, however, no evidence that Biden plans to raise income taxes to 52 percent, even for the highest wage earners. A search of Biden’s platforms on his campaign website turned up no results for such a plan.

Under the current income tax brackets, the highest federal marginal tax rate is 37 percent for single

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