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Donald Trump’s election win signals changes in tax policies that could shape the financial future for middle-class Americans.. While President-elect Trump promised to lower taxes for most ...
If he were to win an extension of the 2017 tax cuts, it would mean the standard deduction would remain at elevated levels, rather than being rolled back — something that could help the middle class.
Much has been written about how President-elect Donald Trump's tax policies might affect the rich, the poor and the middle class -- but what about those in the upper middle class who are doing ...
“Assessing the Trump administration’s tax cuts from an economic standpoint is crucial when considering the middle class in key states,” said Hector Castaneda, CPA, principal at Castaneda CPA ...
While President Joe Biden’s administration did not make sweeping changes to the tax code, many of the tax cuts made in 2017’s Tax Cuts and Jobs Act under President-elect Donald Trump’s first ...
“During Trump’s first term, the Tax Cuts and Jobs Act (TCJA) of 2017 offered limited benefits to middle-income earners and more extensive benefits to the wealthy and corporations.
Anderson said lower middle class consumers could see other taxes go up as well. “Destination-based taxes, such as sales or property taxes, would likely increase to make up for the reduction in ...
Here are three reasons Damsky said eliminating this major tax could hurt the middle class. Inflation Would Soar As noted above, the federal government gets the bulk of its revenue from individual ...