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Bookmark or Share- What We Know About Kamala Harris’s $5 Trillion Tax Plan So FarIn a campaign otherwise light on policy specifics, Vice President Kamala Harris this week quietly rolled out her most detailed, far-ranging proposal yet: nearly $5 trillion in tax increases...
- IRS releases tax inflation adjustments for tax year 2025For single taxpayers and married individuals filing separately for tax year 2025, the standard deduction rises to $15,000 for 2025, an increase of $400 from 2024. For married couples filing jointly, the standard deduction rises to $30,000, an increase of $800 from tax year 2024.
- Federal Income Taxes Are Set To Skyrocket - ForbesWith the sunsetting of the 199A deduction and an increase in individual federal income tax rates scheduled to occur as of December 31, 2025, the effective tax rate for pass-through entity owners...
- Biden Budget Tax Proposals: Details & Analysis | Tax ... - Tax FoundationPresident Biden’s budget proposals would raise top tax rates on corporate income, capital gains income, and individual income to levels that are out of step with the rest of the world.
- President Biden’s FY 2025 budget again calls for corporate and ... - PwCPresident Biden’s proposal to increase the top individual ordinary income tax rate to 39.6% is projected to raise $245.9 billion over 10 years. The proposal to tax capital gain income for high earners at ordinary rates is projected to raise $288.5 billion over the same period.
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