Boots & Sabers

The blogging will continue until morale improves...

Owen

Everything but tech support.
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2018, 19 May 24

Americans Facing Massive Tax Increase if Biden Wins

He will absolutely let these expire.

Donald Trump-era tax breaks are set to expire next year meaning millions of Americans may have to start paying more in 2026.

 

Trump made sweeping changes to the tax landscape through the Tax Cuts and Jobs Act (TCJA) in 2017.

 

This included lowering individual income tax rates, almost doubling the standard deduction and raising the federal estate tax exemption. It also slashed corporate income tax to 21 percent – its lowest level since 1993.

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2018, 19 May 2024

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