Trump vs Biden Tax Plans Compared: 2020 Election.

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⚠️⚠️#BidenTaxes #TrumpTaxes #2020Election ⚠️⚠️

Here is a breakdown of Joe Biden and Kamala Harris's tax plans vs Donald Trump's Tax Plan for the 2020 election. Joe Biden and Kamala Harris have multiple plans including: raising the top tier for personal income taxes, a 4% "income-based premium" for households making more than $100,000 for a medicare-for-all plan, a LIFT the Middle-Class Tax Credit, Expansions to Earned Income Tax Credits and Energy Tax credits while eliminating certain fossil fuel tax credits. There are also large changes to real estate tax laws, real estate tax loopholes, the stepped-up tax basis for stocks and real estate, limitations on itemized deductions, a financial transactions tax (FTT) on all stock/bond/derivative purchases and sales. Changes to social security taxes and payroll taxes, changes to child care tax credits, and other long-term tax-raising changes.

Will takes go up under a Joe Biden Presidency? If you make more than $100,000, you're likely to see some new taxes under a Joe Biden presidency. If you make under $100,000, you might take home more money with a Joe Biden Presidency. Unless you invest in stocks in real estate, then it's likely more people will see higher taxes even if your income is under $100,000.

Donald Trump's tax plan for the 2020 election would prevent any changes that Kamala Harris and Joe Biden seek and would instead focus on lowering the corporate tax rate, lowering capital gains taxes, and removing the social-security and medicare payroll tax cut for the employee's half (to be funded for by the General Fund - per Steve Mnuchin). Donald Trump's plans mostly reflect what we have now.

We'll also compare the tax cuts for rich vs poor.

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[GrahamStephan]

THEY NEED TO REPEAL THE $10K SALT DEDUCTION CAP!

[joymae]

How are you supposed to LIFT the middle class if you penalize them for investing, wow. What a joke.

[halamadrid]

Kamala is a joke. How am I gonn get out of the lower class if they ruin all my chances of doing so.

[Arteolike]

100k household is taxed at a “rich” penalty. Idk about anyone here, but in most states, if you have two kids and you and your spouse each make 50-60k a year, you’re far—very far, from being rich.

[QuestionEverythingButWHY]

“They have money for war but can't feed the poor.”
― Tupac Shakur

[abrahamwolfe]

I got an idea, tax all federal politicians with a 100% income tax derived from their compensation earned in congress or senate!

[harutyung]

So according to Harris, anyone making more than $30, 000 a year is considered "middle class"? Lol ok sure

[Nas_JO]

It’s getting really old when they play with our income and tax whatever they fee like when they feel like it. Set a fair and equitable tax rate across the board and both parties leave it alone.

[jennifervalle]

Kevin is so passionate about caring about giving us the right info. That's why I like watching him vs. Other people. I even got some of my friends to watch you lol. Thank you for all the research you and your wife do.

[mplefty]

How about they change the delay in stimulus payments? 🤷🏻‍♀️

[williamthomas]

What kills me about this country we call home is people like me get taxed while big companies like Amazon made billions and pay zero taxes.

[stvsanders]

“You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it.” ― Adrian Rogers

[dianeboord]

Let's be clear on the difference between the two. Freedom or One World order.

[MeetKevin]

Big changes coming from both parties in the election. Which changes are you most interested in? **PS: Consider sharing the video with someone you think would love the info!**

[obryantribe]

This plan is designed to discourage investing otherwise it basically goes to the government for people who did not earn it. Socialism!

[leslielewis]

Uh... Kamala, sis... since when is 30k/60k middle class? 🤷🏽‍♀️

[Je.rone_]

From what I've heard of bidens tax plan im not a big fan,

[SchoolofPersonalFinance]

How are we supposed to get rich when they keep taking more of our hard-earned money!

[Lea-qepd]

The more i work my butt off and the more I accomplish, I just can't get on board with these democratic policies and the tax plan. Thats one of the reasons why I am now republican.

[boyleheights]

Dang $100, 000 ain’t nothing in California and more tax’s horrible .