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re: Expiration of “Trump” tax cuts
Posted on 5/3/24 at 6:45 am to SquatchDawg
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
2
Posted on 5/3/24 at 6:50 am to SulphursFinest
quote:
Where would you pay the extra $7k
We'd go back to the previous tax rates. The current child tax credick would be cut in half. The current standard deduction would be cut in half. The marginal rate would go from 22% to 25%.
Posted on 5/3/24 at 11:15 am to SulphursFinest
quote:Rates revert to pre-Trump tax cuts. Results in increase in taxes for everyone making $22,000 (married) or higher. I believe this is beginning 2026 so if Biden is re-elected.
Where would you pay the extra $7k. As far as I know it’s the same, and the News is feeding you misinformation
This post was edited on 5/3/24 at 11:16 am
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