Tag Archives: TCJA

The issue of the Tax Cuts expiring will be arriving at everyone’s doorstep come the end of 2025. They do not give an exact date so i will go with EOM December 2025. Does someone making close to or more than $400,000 annually deserve a continuation into 2026 and beyond? Not sure. I think the 1 percenter should be paying more tax. My wife and I paid some high taxes (what we would call high) when we were under $200,000 annually after deductions....

In Angry Bear’s commentary Looking at the Trump 2017 Tax Breaks, we examined exactly what the TCJA did for citizens. By the end of 2025, the TCJA would add to the deficit an ~$2.2 trillion. If extended, we can expect another $1.5 trillion. Special exempts were written into the bill so those (business interests) who benefited from the tax cuts would have the tax break into the 2030s. We beginning to or are exceeding the nations GDP. RI’s Emily...