The following is Joe Biden's 2020 tax proposal where we see the comparison between individual and MFJ's Tax Brackets: Current vs. Joe Biden's Tax Plan. As you can see, Biden would raise the corporate tax rate from 21 to 28 percent, restore the top individual tax rate from 37 to 39.6 percent, tax capital gains as ordinary income and at death for very high earners, subject wages above $400,000 to the Social Security payroll tax, and pass various other cuts and increases. It should be noted here that this was just a proposed tax proposal from Joe Biden. With EdrawMax, creating such tax proposal designs is very easy. The tool is equipped with free templates, symbols, and other important diagramming elements that help design and share all sorts of diagrams.
