Tax Expert Compares Trump and Harris Tax Plans (FULL DETAILS)

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TAKING THE NEXT STEP:

The US presidential election is right around the corner. Both remaining presidential candidates have been making a number of key tax proposals. These tax proposals could affect hundreds of millions of Americans. As a result, it is crucial for American voters to understand where each candidate stands on these issues.

In this video, tax expert Karlton Dennis breaks down Kamala Harris’s and Donald Trump’s stances on 8 important tax issues. Some of the issues that Karlton discusses are capital gains taxes including taxes for unrealized capital gains, corporate taxes, individual income tax rates, and more.

With this video, Karlton hopes to provide his viewers with information that can help them make more informed decisions when casting their ballots for the upcoming presidential election. So, if you are someone who has been searching for a full breakdown of Kamala Harris’s and Donald Trump’s tax proposals, this is a good video to watch.

CHAPTERS:
0:00 Intro
0:13 Capital Gains Taxes
2:25 Corporate Taxes
3:37 Individual Income Tax Rates
4:40 Taxes on Tips
5:41 Social Security Taxes
6:19 Overtime Pay
6:45 Tariffs
8:02 The Startup Expenses Deduction
8:45 Subscriber Question
9:32 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#uselection #taxes #donaldtrump #kamalaharris

[karltondennis]

Sign up for my 5-day tax-free wealth challenge here to learn how to reduce your tax bill by 50-100% and share your thoughts on Trump vs. Kamala below!

[togglemutt]

NO TAXES ON OVERTIME?!!! 😮 GOOD GOD I'd be debt free in a year!!!

[TBMWolverine-]

Holy shit someone finally said what I’ve been screaming! I’m not worried about unrealized gains being taxed for those with more than $100 million, I’m worried about how history is gonna repeat itself and that tax has no shot at staying at that tax bracket. Slippery slope

[robhaggard]

Trump also proposes to let people claim the interest on their vehicles again. That would be HUGE for Detroit auto manufacturing.

[proflex]

Raising corporate taxes will lead to companies increasing prices of their products, cutting jobs, and becoming less competitive in local and export markets, ultimately stimulating inflation.

[Steve-holm]

Trump 2024!! ❤ save American business❤

[Fluffylives]

It blows my mind how people think increasing corporate taxes is going to benefit American companies. Look what it has done to our industries. Where did they all go? Somewhere they can better afford to operate.

[MesutMilleliri]

These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?

[dustincato]

Corporate taxes: Usually when those are raised, the prices of goods go up a well. This is mainly so the company can minimize the taxes they have to pay and put it on the consumer. When Trump lowered the tax, the prices of goods went down.

[talentekhuzwayo]

Sounds to me like a typical case of the government overspending and therefore wanting more money in the form of taxes.

[LetstalkJesusOk]

I wish more of the tax/finance industry would do videos like this. This is pure information without bias! I respect it!

[tallgirlhappyme]

*Trump's tariffs ONLY APPLY to goods we ALSO make in the US* to stimulate Made in America purchased goods. Those items NOT already made in the US will NOT be tariffed.

[DL-xgnu]

I am a business owner in NYC, WE NEED TRUMP! I am also in a union, and my overtime was like 100k taxed for the past 10 years...TRUMP ALL DAY❤

[makalashelton]

Great video! Thank you for the breakdown and spending your time to put this together it was very informative and easy to follow!

[MarcoRivers-ovtw]

Thank for the content!!! All we need is the right advice on how to invest in crypto and we will be set for life, made $28k from trading crypto and stocks.🚀

[TheOxIshere]

You should do an explainer on tariffs. Discuss how well or how bad Trumps previous tariffs did. How other countries use tariffs. Pros and cons of tariffs. The best way to use tariffs. Which countries have good and bad ones. Why some countries do and some don’t.I think this would be helpful for many people.

[JonathanExcels]

For me, having a 401k like many people, I want businesses to make more profit so that my passive income increases. In my view, we all want to be rich, so a philosophy that says put more tax on what we all aspire to be is illogical.

At my house, when spending exceeds income, i cut back on spending and I therefore believe the government needs to do the same.

[jackjetpilot]

Thank you sir for all the great information.

[xhyigkm]

Trump was first to propose no tax on tips! Otherwise, fine rundown.

[dannykanchanarin]

As I click on this video, the first ad to pop up is kamala asking for donations to her campaign, go figure right?