SUMMARY OF BIDEN'S TAX CHANGES:

1. Raise capital gains tax from 20% to 39.6%, highest since 1978

2. Top tax rate raised from 37% to 39.6%

3. Corporate tax rate raised from 21% to 28%

4. Self employment tax raised from 3.8% to 5.0%

5. Increase IRS funding by 15% on top of $80 billion from the Inflation Reduction Act

6. 25% minimum tax rate on households with $100 million+ net worth

7. Elimination of tax break for crypto investors

8. Elimination of carried-interest tax break

9. Increase stock buyback tax from 1% to 4%

These changes come as the United States has battled 5%+ inflation for 21 consecutive months and housing affordability is below 2008 levels.