Tax Lawyers Breakdown Harris vs Trump Tax Plan (FULL DETAILS)
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- เผยแพร่เมื่อ 24 ก.ย. 2024
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Doesn’t matter how much you give. It doesn’t help.
Hey - It ain't like FED gove is going 1 trillion deeper in debt every 90 days ... Oh wait..
@@michaelfrock2473 especially state and local governments.
@@thomasmartin406 🤣
Wow you guys put lipstick on that...with a straight face 😂
Friendly suggestion: It might be helpful to include a side-by-side comparison on the screen regarding the opposing Tax policies.
This could make it easier for those of us who aren’t accountants to grasp the extensive data you provide. 😎
Thanks for everything you do!
I'd argue that as the child gets older, the child tax credit should get significantly higher.
Who is going to pay for the mistake of having a child? Sounds like socialism.
That proposal is just to get votes. They forgot to tell their voters that kids become MORE EXPENSIVE after the first year. You just have to spend more each year, which may or may not be covered by that tax deduction. LOL.
Taxing unrealized gains is stupid.
This is the first video I’ve seen from you both that seems really partisan. The parts where you try to point out negatives of Trumps policies are like “tell me your biggest weakness”, and the answer is “I love too much”. No real substance or criticism. No mention of core economic policy issues like entitlements, national debt, affordability on either side. This was the David Muir of podcast hosts this time around. I still love you guys but this was lacking big time.
Big business do not pay taxes. Their customers do.
Then why don't the customers ever see lower prices with corp tax CUTS?
@@darkroom3116 A 2023 study reinforces the idea that business tax cuts benefit highly paid executives
Both of you...there were lower prices when T was in. They didn't remind people of that. If you paid $1 in 2020 and $1.82 today. The cumulative increase is 82%. That is bidenomics. There is an increase cost of inflation and taxes to support immigrants that aren't covered here either
Very informative . Thanks
No, no more "inventory." Who in the helllll wants to live amongst more buildings, houses, people etc? I sure the heck don't. Who says we have to house the whole world here (especially all at once)?
It's wild all this talk about Wanting to help small businesses but during covid nearly every small business even some large businesses where I live shut down and they never came back
Right! Even now, legacy businesses are moving out of San Francisco weekly after not being able to survive another year having been around for 40+ years…
That is just a demo of what would be coming for the rest of America.
Reality check- no one is coming to save you.
the covid relief significantly helped small business but the Covid shutdown was rough, not all businesses could be saved
That’s a state issue not federal issue
San Francisco? Ask Pelosi then. She still has loads of $$$$$$$$.
Tips & IT. Less FICA. Less into Social Security. Less out of SS. Not good
When you mentioned that we needed more kids to pay for Social Security, all I could think was how we need more to pay into the ponzi to keep it going.
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$25k for first home buyers down payment is good but capital gain tax in the following years is like double slaps on the face
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I have a concern on all these tax initiatives that either candidate has and the impact it has on the national debt. Under Trump our national debt skyrocketed and the business environment was on a downturn prior to COVID when the bond market inverted in 2019. Costs will need to be cut somewhere.
Neither party will cut expenses.
Thank you for explaining this!
And how about a show on WHERE the tax funds go? Real numbers - not hypothetical %.
With our national debt skyrocketing, we have no choice but to raise taxes. Unless you want to see our country go bankrupt. It’s just simple math.
Trump 2024, Save everything about America. And prevent war!
This has been a great discussion guys- I really enjoy the content.👏👏👏👏👏
The introduction says it all.
Thank you for the information....Love this show!!!
Thank you for this! Clear and easy to understand:) appreciate the info!
Indeed! Harris seems to be only interested in helping young folks, not us older folks that have been slogging away for years! Ouch!
Property tax is now a unrealized capitol gains tax due to the real estate bubble.
The GOP senators killed the 100% bonus deppreciation last month! What are you taking about that Harris and Biden did not want to extend this?
Some people ask - “WHY pay taxes when they can just print free money?”
Trump talked about Tariffs did mention a tit for tat strategy so we will match their rates and if they raise or lower their tariffs we will do the same - this generally drops the tariffs.
Substitute communism for the word “change”.
Not down with capital gains going from 20% to 28%. Unrealized gains...nope, its dumb. Income tax started with the rich, and then filtered down to all of us. Taxing to help out others is welfare. It has never worked effectively to inspire personal and economic growth.
It doesn’t have to pass to have an effect it’s a smoke job
Taxing to help out others is welfare? So things like roads, physical infrastructure, etc. only help out poor people? And why bother educating all people (screw public education funding) when the rich can afford private school. Let's just let them run everything and the rest of the people in the country can start working as soon as they are 5 years old. I'm sure plenty of red states would love the addition to the labor market, and we wouldn't have to pay any taxes for programs that support lazy indigent children.
It would be unfair to only have the rich pay taxes when everyone benefits from taxes.
Back in the days when our economy was cranking real well, the top tax rate for the rich was always between 70%-90%. The. Republicans cut taxes for the rich and the poor got asked to pay for the cuts because spending was never cut.
Thanks for the explanation 👍
How do I contact your office to talk to a tax advisor?
WHY IN THE UNIVERSE should people that work on tips not get taxed?!?! That is the way they get paid. Why would the way one gets paid be any form of free pass from paying taxes? I can't stand the whole tipping landscape as it is, this just makes it worse. Tipping should not exist. That should be the new law
Very informative! Thanks
Thank you
They should have been increasing the SALT limits above $10k already - given the huge inflationary housing rates. It should be more around $20-25k already.
Oh well, Congress doesn’t care. Nobody bothered to make that suggestion.
Does the 20 % deduction for small business phase out once joint income exceeds $400,000 in annual income from all sources ?
Talk about illegal immigrants & taxes (or how much we pay for them)
You don't think they pay taxes at all?
I was listening to another show where they said that Harris’s “discount” was for first time 1st generation homeowners…people coming into the U.S. Not sure - the policy is vague to me!
Cost of living with lower prices when T was in. They didn't remind people of that. If you paid $1 in 2020 and $1.82 today. The cumulative increase is 82%. That is bidenomics. There is an increase cost of inflation and taxes to support immigrants that aren't covered here either.
If capital gains tax goes up, you will have to INVEST MORE to make the same money.
What happens if the asset drops in volume...
Thanks, good info
Regarding tips; most tips are on credit cards paid out through a paycheck. How about don’t tax the business on those tips., but tax the employee. The business didn’t pay them. Tips just passed through the business.
18 minutes in...see you are both desperately trying to stay neutral By the way I'm not allowed vote but have substantial businesses in US). 28% Cap gains statement people won't invest",what planet are you on? The 50k is to "stimulate new" how can it be back dated?. I prefer Corp tax at 28% than tarrifs on imports, I do quite like the reduced rate for "buy America" but can't see the IRS being capable of policing. Overall I'd vote Harris. As an outsider the American Dream is unobtainable by most.
Real Estate wouldn’t be part of the unrealized gain tax.
You forgot the Harris plan to build 3 million new affordable homes for the middle class
They left out a few of Harris's plans.
A thoughtful analysis. If money was the was the ONLY value at stake. Still going BLUE. Character matters.💙
Can we do Jill Steins Plan Next? Jesse The Body Ventura Help 👍🏿
Where is Trump saying he will get the money to do what he says.
Tax other countries instead of us via tariffs
@@KJN311 but WE the public pay those tariffs. They're not paid by the exporting country - they're literally passed on to the consumer.
@humminahummina no we don't that's the entire point. This is how we funded society prior to 1913. We charge taxes/tarrifs to other countries to bring in their products.
@@falseflag21 and this raises prices for the consumer because the imported products now cost more. The fat cats aren’t going to give up their share of profits
@@humminahumminaBuy American made products!
You're not talking about who's paying for all these. And if Kamala has walked back on a lot of her previous policies what makes you think she will not change her mind once she is in office?
I'm sorry, but should people never change their minds as they get new information? Isn't it the mark of an intelligent person that they can adapt and change as they continue to learn and grow? Do you want someone who will never admit to a mistake or change their statement even if we have literal recordings of him saying or doing the opposite? ... Oh wait, I'm guessing you do.
do we get inflation offsets?
Isn’t a new small business…. an unrealized asset?
Kohler 2024
Isn’t the standard deduction of $14,000 per household still better than the child tax credit?
Child tax credit is a credit not a deduction. So it applies whether you take standard or itemized deduction
I hope you don't do your own taxes. No part of what you said was accurate.
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19:51 Extending the Ponzi scheme?
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Real Estate wouldn’t be part of the unrealized gain tax.
@@colinsmith5597 go read the proposal. Doesn’t include real estate. Real estate should be included, but it isn’t.