Donald Trump has made his direction for federal taxes clear. Lower. But so has President Biden, who wants to wallop Americans with a $5 trillion tax increase.
Taxing unrealized gains would be unconstitutional.
Joe “nothing will fundamentally change” Biden didn’t introduce sweeping tax reforms?
Not surprising when you also consider the House is republican-led and can’t even vote in lockstep with each other, let alone work across the aisle (unless of course it’s to ban the people from doing something).
Also not surprising when the last Republican senate supermajority passed a bill requiring a supermajority to pass anything, which means an almost evenly divided senate has the same problem as the House.
Uhhh, the Trump-era tax rates most affect those making under $200k, through 2025 I believe.
Whatever tax increases you’re feeling it’s more likely to be thanks to Trump.
I am aware and even said my taxes went up under Trump. The salt cap hurt hard.
Yep, and it’s gonna get worse after next year when the credits fully expire.
Notice Biden didn’t remove the salt limit.
Its really a blue state tax.
Joe “nothing will fundamentally change” Biden didn’t introduce sweeping tax reforms?
Not surprising when you also consider the House is republican-led and can’t even vote in lockstep with each other, let alone work across the aisle (unless of course it’s to ban the people from doing something).
Also not surprising when the last Republican senate supermajority passed a bill requiring a supermajority to pass anything, which means an almost evenly divided senate has the same problem as the House.
Color me shocked. SHOCKED, I tell you.