Stories Related to Trump Floats Ending The Federal Income Tax. here’s what That Would Mean

Trump floats ending the federal income tax. Here’s what that would mean

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  • SALT income-tax-deduction cap could double under Trump 2.0. But maybe not for the rich.
    Trump economic adviser Steven Moore floats raising the cap — put in place, in the first place, in the first year of Trump’s initial White House term — from $10,000 to $20,000.
    12/16/2024 - 12:53 am | View Link
  • Could Trump raise NJ property tax deduction to $20,000? SALT cap increase on table
    The SALT deduction lets people reduce the amount of their annual income that can be taxed by the federal government by subtracting how much they pay in state income taxes and local property taxes. The ...
    12/15/2024 - 11:48 am | View Link
  • ‘Why not?’: Donald Trump floats idea of eliminating America’s income taxes, replacing them with tariffs on Joe Rogan show — but experts warn it’s ‘mathematically ...
    he replied. Trump then dove into a bit of American economic history, recounting how tariffs once funded the federal government before being replaced by income taxes. “Our country was the richest ...
    11/2/2024 - 11:44 pm | View Link
  • Biden floats tax hikes for all, says Trump cuts will ‘stay expired’ if re-elected — prompting WH walk-back
    The top 1% of earners had their average federal income tax rate lowered from 26.8% to 25.4% under the law, according to the Tax Foundation’s review of IRS records. Democrats have noted that ...
    04/19/2024 - 8:17 am | View Link
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