Trump Era Tax Cuts Are Set To Expire - Here's How Much More You'll Pay. Are you really going to volunteer to pay more taxes by voting for Democrats?

[RingOfFire]

"When 2025 draws to a close, so will many of the sweeping Trump-era GOP tax breaks established by the Tax Cuts and Jobs Act (TCJA) of 2017."

Here are the Trump tax cuts you have been enjoying since then:

"The top individual tax rate dropped from 39.6% to 37% under the terms of the Tax Cuts and Jobs Act (single filers making $578,126 and over), the 33% bracket fell to 32% ($182,101-$231,250), the 28% bracket to 24% ($95,376-$182,100), the 25% bracket to 22% ($44,726-$95,375) and the 15% bracket to 12% ($11,001-$44,725)."

Also, the Trump tax cuts increased the standard deduction dramatically:

"Under the Tax Cuts and Jobs Act for the tax years beginning after December 31, 2017, and before January 1, 2026, the standard deduction was nearly doubled for all filing statuses."

"After the TCJA (2018-2025 tax years), these amounts jumped dramatically. The standard deductions for the 2023 tax year are $13,850 for those single or married filing separately, $27,700 for those married filing separately and surviving spouses and $20,800 for heads of household."

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Which president and party do you think is most likely to renew your Trump tax cuts when they expire at the end of 2025 and which party is more likely to continue to lie to you and tell you that they were only tax cuts for the "rich" and throw them out?

I'll give you 2 milliseconds to respond because obviously that's all any sane person needs to come up with the right answer.

The November election is going to determine which party makes this decision. Do you really think you're not paying enough taxes already?

What happens is up to you.

Trump Era Tax Cuts Are Set To Expire - Here's How Much More You'll Pay

[ApplePie409]

I love that this question struck the nerves of two moronic Germans. LOL What a pair of losers. I follow politics pretty closely. No Democrat feels they are rich.

Pelosi said that the rich should pay their fair share. She's worth nearly 200 million, but she doesn't think she's one of the rich. Of course not. And morons keep voting for her.

[Dongie]

Democrats don't care what it costs. They hate us and Trump so fully they'd rather be homeless than face the failure of losing. Prideful. We conservatives should give America a full week of riots and "peaceful protests " as we put up with for 4 years.

[goaded]

So, the tax cuts are working exactly as designed; to give Republicans a talking point to use against Democrats in 2024, while also passing huge amounts of wealth to the already wealthy.

[exitseven]

yes unless we re-elect President Trump. He has said he will make the tax cuts permanent. I know I could use that 4 thousand dollar tax cut I got.

[Cheapskate]

So you're gonna vote for a guy who attempted a coup because he may lower your taxes slightly?

[ApplePie409]

Was he convicted of that crime?

[DryGermanGuy]

Given the development of the deficits in the United States, shouldn't that tax cuts reversal be seen as totally appropriate and even needed?

[Alex-Snow]

Give it a rest that is a year away and a lot of things can happen between now and then.

[RingOfFire]

You should take a simple arithmetic course. The election is 8 months away. A year has 12 months.

[Alex-Snow]

And the new pres does not take office until January which is more than 8 months away also

[RingOfFire]

So you are implying that something is going to happen between the election and when President Trump starts his second term that would overturn the voters' choice?

What would that be?

[AngryCarl]

Lowering taxes makes perfect sense if you lower public spending correspondingly.