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Expiration of “Trump” tax cuts
Posted on 5/3/24 at 5:52 am
Posted on 5/3/24 at 5:52 am
So I saw on the news that although dipshit promised not to raise taxes on anyone making less than $400k if they let the current tax brackets expire then a couple with 3 kids making $200k will pay an additional $7k in taxes.
Does that sound right? That’s not a small amount.
Does that sound right? That’s not a small amount.
8
Posted on 5/3/24 at 6:08 am to SquatchDawg
it is democrats period. they love raising taxes.
Posted on 5/3/24 at 6:45 am to SquatchDawg
Where would you pay the extra $7k. As far as I know it’s the same, and the News is feeding you misinformation
Posted on 5/3/24 at 7:11 am to SquatchDawg
Sounds in the ballpark. Trump tax cuts sunsetting so soon was a terrible idea when it happened.
It repealed the personal exemption forever but the standard deduction and child tax credit was a finite period. So dumb.
ETA - I stand corrected on personal exemptions. They would return in 2026.
It repealed the personal exemption forever but the standard deduction and child tax credit was a finite period. So dumb.
ETA - I stand corrected on personal exemptions. They would return in 2026.
This post was edited on 5/3/24 at 2:07 pm
Posted on 5/3/24 at 8:32 am to SquatchDawg
Technically Biden wouldn't be doing anything to make that happen so he could honestly - with the support of MSM - deny he did this. He could still blame Trump and the republicans. That's how they shove this shite down our throats... Well, we better let grandpa get what he wants or my taxes are going to go up by 7k a year. DV's are considered UV's for this post...
Posted on 5/3/24 at 9:08 am to SquatchDawg
The is liberals lying 101.
“We’re not going to raise your taxes… but those temporary tax breaks orange man gave you are not going to be extended”.
They should have been made permanent revisions so we don’t have to play these games. At least Trump has some ammunition here. Pocket book reason to get him back in.
“We’re not going to raise your taxes… but those temporary tax breaks orange man gave you are not going to be extended”.
They should have been made permanent revisions so we don’t have to play these games. At least Trump has some ammunition here. Pocket book reason to get him back in.
Posted on 5/3/24 at 9:59 am to SquatchDawg
muh trickle down economics
Posted on 5/3/24 at 11:32 am to SquatchDawg
Taxes will go up with the sunset and they can blame trump
Posted on 5/7/24 at 12:46 pm to SquatchDawg
Don't forget: the Obamacare Cliff also returns at the same time....
For a lot of people, that will be bigger than the sunset of the Trump Tax Cuts, though I think your $200K family example may not get burned, a 150 K family who needs Obamacare may feel a big bite.
For a lot of people, that will be bigger than the sunset of the Trump Tax Cuts, though I think your $200K family example may not get burned, a 150 K family who needs Obamacare may feel a big bite.
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