BKP Talks To Laurie L McClain About The Trump Tax Plan Expires In 2025
- The deep state media will not talk about Kamala, they will only focus on how excited they are that she is going to look forward and not go back. What they are planning in the $5T tax plan, but won’t these plans affect Oprah, Obamas?
- The Trump tax plan expires in 2025. A new congress and president will sign a new tax plan. The media only wants to say the Trump tax plan only benefits the top.
- Under Trump tax plan: The tax rates were lowered in 2018 from 39.6 to 37 at the highest bracket. The brackets were spread out. How much does the average family need to make to be comfortable? Example Married filing joint at $130K a year, taxes would be $19,224 and if it falls back to 2011 levels increases to $23,997 if the Trump plan expires. It will be devastating to the average person. Trump’s plan doubled the standard deduction, 12.7K to 24K to pull down the tax liability for the average Joe. Trump’s tax cut generated more economic benefits than any other plan in the last 40+ years.
- What is being proposed: corporate taxes 21 to 28 will slow down the jobs, they only want to tell you about the top rate because they want to lead you to believe they are only going for the higher tax brackets. Leave it up to the democrats to nickel and dime you. If corporations are taxed higher, they want to tell you the customers will surfer but it will hurt the employees the most because their hours will be cut and their raises will not come because the prices are only increased to a certain point. Corporations will suffer, the customers will take a bite of it and the employees will have a bigger bite. Another way for the democrats to get a little more out of you.
- Unrealized Gains: 25% investment gains before they are sold. This can’t happen, it would be such a complicated nightmare. The reason our tax code is so complicated is because they want to be fair. There is not a way for it to happen. Billionaires will move money offshore so fast to not allow them to lose money. They will not pay a dime of these taxes.
- If Kamala gets elected and they have the 87K IRS agents, they want to take from everyday Americans and it’s not Jeff Bezos. The real wealth in this country is 60–80 years old. They have retirement accounts, and the government knows that is where to get the cash. Congress uses the tax code to modify behavior.
