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How Super-Wealthy Americans Fare Under Biden’s New Tax Plan

  • Those earning $10 million or more would be hit with a surtax
  • Billionaires likely to retain tools to avoid taxes altogether
President Joe Biden 

President Joe Biden 

Photographer: Tom Brenner/Bloomberg

If you’re wondering how President Joe Biden’s tax framework would affect rich Americans, here’s a rough scorecard.

Winning: The vast majority of the top 1%, who might even get a tax cut.