Donald Trump vs Kamala Harris TAX PLANS

[Tid-bit]

I feel like its important to mention Trumps other plans for the economy. Namely the tariffs, many trusted economists, like Goldman Sachs, say that it will be detrimental tp the US economy

[mrmoosetachio]

As an oversimplified, possibly incorrect, takeaway.... it sounds like the general difference is reducing taxes to boost the economy vs increasing taxes to boost the economy.

I mean. I get that a lot of folks are big fans of "eat the rich" idealogies.... but they also tend to either not be very financially literate or are sellouts. Relative to the concept of increasing taxes on the wealthy.

Not saying they shouldnt be taxed. Just curious how close we want to get to the line where we crash our economy from overtaxation

[TimeisBothLimitedandInfinite]

It is important to realize the capital gains proposal only on people with a net wealth of over $100 million - like if this affects you, you can probably afford a few more taxes. Usually people that wealthy are manipulating the tax code in a massively unfair way anyway through loopholes and fancy accounting.

[Irishwhiskeey]

Well if she taxes those wealthy people more our prices will go up on everything it's tricle down economics

[zain]

Trump tax cuts being eliminated would increase taxes for those under 400k a year. You forgot to include that in your analysis.

[matthewkelleher]

Taxing businesses on their profits is literally the stupidest thing that does nothing except for increase the cost of product or service the business provides

We'd be better off as a country with zero corporate tax

All the biggest businesses are writing off enough to pay zero taxes anyway so all this does is create an unfair advantage for the biggest companies in an unfair burden to companies that can't afford million-dollar tax lawyers

[Tiblious]

I vote we decided what to do with our Taxes. If we want to opt out of programs we want to no part of, we should. We just can’t use them.

[TRay-uc]

Got to be a genius to want another 4 years of this..

[ari_a]

Its so wild to me how different the views and mindset of americans are when it comes to taxation especially to those that earn more than them

[lucybeme]

When Trump was in office, his politics spoke clearly for itself. We've been living in the Biden, Harris financial times. How's it working for everyone? Stop the lies.

[dumpsterfire]

When it comes to taxing unrealized gains it depends upon how she does it there is an argument for taxing loans meet again stocks therefore on capitalize games want to be on the capital of made but on the loan taken out against the stock this would prevent people I'm using the stock market as a way to avoid paying taxes some people have argued for that would not yet sure what, is Provo against but that has been an argument made by several economist

[Druid_Plow]

While i like how the Democrat tax plan is presented, i know there will be some kind of B.S. attached to it IF they actually stick to their word.
At least the Republicans are more likely to follow through, and it won't be some back handed crap

[amateurbeekeeper]

If businesses pay higher taxes they are forced to pay their employees less to compensate for the loss. If the employees have more money they buy more things and invest more which creates a booming economy.

[RayBeglan]

Your becoming a bit of a hack lad… You are leaving out the critical bit that the unrealized gains is for assets above $100m 🙄 this would not affect the majority of ppl yet helping the lower class..

[Illkilla]

Being a personal investor, I really don’t care for the capital gains tax increase.