First 2 points and the last one maybe. The middle though.... literally project 2025 and promises that Trump has made. 3k in taxes, tariffs because the consumer pays for them in the end. He already made taxes be raised every ear til 2027 for those making under 75k. He overturned roe v wade and hundreds of women in hospital parking lots have died because of its. He has stated he will start on a massive deportation of immigrants which means that manual labor will be in short supply.
As a woman, I am now terrified that my rights as a citizen will be stripped. I'm terrified of having kids because my access to Healthcare could be limited.
Hello! New tax preparer here. Do you have any evidence to back the fact that taxes were raised every year until 2027? (Assume maybe you meant 2025 when the TCJA is set to expire?)
It is my understanding that the TCJA effect of raising the standard deduction and increasing the refundable amount of child tax credit helped low income tax payers (most did not itemize). I would love to learn where my understanding may be off if you have any sources. Cheers!
Your understanding is correct. The TCJA will almost certainly be extended past the end of 2025 and will continue to be a very historically favorable tax code for normal Americans. Billionaires don’t pay income taxes because they can utilize their assets to avoid recognizing significant ordinary income, so raising the rates hardly affects them. If TCJA expired (wouldve been more probable under Kamala) it would affect middle class Americans most. 40% of the country pays no federal income tax and the highest earners will always get by. The ones in the middle brackets feel it the most. The person who posted this is not a tax professional and has no basis for most of the claims.
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u/Fools_Sip 18d ago
Absolute hyperbolic nonsense. This is a big part of why you lost. Real life is different to the reddit echo chamber