United States | News & Politics

1939 readers

493 users here now

Welcome to [email protected], where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

[email protected]

634

How Trump or Harris tax plans might change your income (slrpnk.net)

submitted 3 weeks ago by [email protected] to c/[email protected]

113 comments fedilink hide all child comments

Source https://www.barrons.com/articles/trump-harris-tax-rates-plans-cuts-income-e8db90ee

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 50 points 3 weeks ago (1 children)

I assume this isn't including some of the other things in Trump's proposals like getting rid of tax credits for having a child.

[–] [email protected] 6 points 3 weeks ago* (last edited 3 weeks ago)

Also, what he already did. The home office tax credit was dropped for W2 employees as part of his plan. Wasn't really noticed at the time, but circumstances later on meant that a lot of people could have been taking that credit if someone else was President. Amounts to a few hundred a year--not huge, but not nothing.

IIRC, it automatically goes back to the way it was in a few more years assuming nothing else changes.