Extending the Trump tax cuts: What to expect in 2025

[@gingerkilkus]

I dislike taxes for one main reason: the government requires individuals to calculate their own taxes and imposes heavy penalties for mistakes. While I have no problem paying taxes as a US citizen, it seems strange to me that I have to do the paperwork when the government already has all the necessary information.

[@fadhshf]

I don't regret the financial mistakes I've made in the past, as they've all taught me valuable lessons. However, my biggest misstep was planning my finances without consulting a licensed financial advisor.

[@hasede-lg9hj]

I did seek the help of a financial counselor, and as I approach retirement, their advice has been invaluable. I initially worried that compound interest on index funds wouldn’t be enough since I started late. It’s amusing to see that I’ve outperformed colleagues with more investment experience, having gained over $386k tax-free.

[@lowcostfresh2266]

@@hasede-lg9hj This is definitely significant! Do you have any recommendations for professionals or advisors I could contact? I really need guidance on proper portfolio allocation.

[@hasede-lg9hj]

Rebecca Lynne Buie is the coach who guides me. With years of experience in the financial markets, her strategies have worked well for me and contributed to my success. She offers clear entry and exit points for the securities I focus on

[@leojack9090]

Thank you for the tip. I found your coach online and conducted my due diligence before scheduling a call. Based on her resume, she appears to be highly proficient.

[@gordongekko2781]

Everyone knows the national debt situation has reached the breaking point, yet we're still cutting taxes on the rich. This is going to end badly.

[@peterdangelo5882]

Stop lying. If you work, and make over 20K you got a tax break under the Trump cuts. So, I am not rich but I do not want to pay more in taxes in order to send 200 billion to Ukraine or for the terrible spending problem DC has each year. No more. Cut the military, cut spending and decrease the size of gov employees by a 1/3. Get it done.

[@EvalynWilliamson]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[@RobinWisozk]

I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?

[@JohnsonSomto]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@EvalynWilliamson]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Ryan Donald Robert. A widely known crypto consultant

[@EvalynWilliamson]

He's mostly on Telegrams, using the user.

[@EvalynWilliamson]

@RobertRyanD THAT'S IT

[@DimeDoppler]

Run up the deficit baby and then run on being fiscally responsible 😂😂😂 what a joke.

[@joneltorregosa51]

Tax cuts will blow the deficit all the more. No brainer.

[@teebone2157]

Corporations keep getting tax cuts and get to keep deductions how doest that make sense???

[@breadwinner92]

And the poor has to pay for all of it

[@aoh4905]

@@breadwinner92 the poor barely pay taxes... the top 5% pays over 65% of federal taxes... the top 10% pay over 75%... the other 90% pays around 25%. The more money you make annually the higher % you pay in taxes. Look up the brackets. The rich pays more. They just have money to invest and make more money than we normies do.

[@breadwinner92]

@aoh4905 countless economist said the top 1% got the most benefits out of the taxes cut while the bottom and middle class got 1%-2% it doesn't matter who pays more in taxes the system is still broken 😑 with the loopholes

[@Lynnpjjbdndji]

Just be honest....Trumps numbers just don't add up anyone with an IQ in double figures Knows !!!!!

[@daviddadamo2290]

I think I just heard CNBC admit Trump is just going to drive the debt higher for the next 4 years and leave it to the next administration to clean up his mess.

[@campflint76]

Cut taxes for the rich and DODGE it with cuts to Medicare and Social Security. Pile on tariffs on the middle class. MAGA’s crazy policy that people voted for. Waiting to see how that will reduce prices and‘make America affordable again’😅

[@Felix-op1rw]

that's why republicans are so invested in culture wars

[@vidyalongplay7735]

>tax cuts on billionaires and large companies >increase the debt ceiling >import cheap labor >reduce government jobs >tariffs on virtually all goods MAGAbros...we keep winning!!

[@royed31]

Trump euphoria is over and reality is going to kick in............ hard

[@blaineboyle5997]

Yeah those billionaires and massive corporations really need a break

[@PearlTremblay]

Crypto is risky as many would say but I think the actual risk in Crypto is not investing, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time

[@AlexieAuer]

I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?

[@Nicholedare]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@PearlTremblay]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Mathew . A widely known crypto consultant

[@DawnRempel7]

I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimonies on CNBC news last week...

[@RoderickKuhlman57]

I started working with Alex Mathew back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.

[@teebone2157]

Social security is a seperate pot of money from mandatory spending budget. Why keep lying

[@marengoczar5035]

we borrowed againt SS funding for tax cuts when revenue was good, and we now have to paying it back, so we are technically paying toward SS.

[@marengoczar5035]

Our issue is we wasted our tax revenue.

[@georgewilliams7301]

@@marengoczar5035 Odd way to look at it seeing taxes funds the government I don’t see how the government funds tax cuts. Tax cuts my or my not lower revenue but government doesn’t fund them.

[@marengoczar5035]

@georgewilliams7301 if you see it as scale, the government currently borrow to provide to provide lower taxes, but maintain government. But, not all spending is the same...some spending has a 5x multiplier while the other is 30% multiple. Tax cuts have 30% return, so for every 1 cut, the government got 30 cent in revenue. Certain departments like the DoE, have multiple of 5. So, we get 5 dollars for every dollar we spend.

[@georgewilliams7301]

@@marengoczar5035 No the government borrows because it spends to much. Taking money out of the private sector come at a cost also.

[@gordonp4675]

Trump's plan to cut Social security and other social programs will help to offset the much needed tax cuts for corporations and the wealthy. However, when it comes to tariffs, they will cause inflation and the costs will be passed on to the consumers.

[@SkipFrontzJr]

Sounds like billionaire simping.

[@Grantthecatholic]

I don’t think he’s going to cut those programs who mentioned Unfortunately though it is needed irrespective of tax cuts for the fiscal trajectory of America and the solvency of the programs.

[@sscalercourtney5486]

Most tax cuts are followed by increases in tax revenue. Also by an even larger increase in the deficit. And Econ. 101 tells you it's the increase in the deficit, not the tax cuts that increases revenues. Cut spending as much as cutting taxes will zero out the GNP. Of course, you only cut spending on things you don't like. Never on things you like. Ever hear a politician call for cutting spending, say, 10% across the board? I haven't.

[@harrychu650]

Aren't these the same "expert" economist that told us that the Bideonomics policies in 2021 weren't inflationary?

[@cutehumor]

President musk will decide on the tax cuts. Better sell Tesla shares because democrats hate musk and will never buy Tesla cars again

[@magicsaint]

Link?

[@teole6364]

Buy Btc, the world will pay our tax cut

[@Fried52]

To Be Clear. They weren't the Trump tax cuts they were the Ryan tax cuts. The Congressional Budget Office (CBO) estimated in 2018 that the 2017 law would cost $1.9 trillion over ten years. Trump administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income. Research shows that workers who earned less than $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut, while top executive salaries increased sharply.

[@dreadfuldonkey]

Does the federal reserve pay taxes?

[@marengoczar5035]

Any money the federal makes is sent back to the government as revenue

[@georgewilliams7301]

After paying expenses an keeping some earnings for operating, the Federal Reserve transfers the rest of its earnings to the U.S. Treasury. But the Fed is not making money right now because of QE. They bought a lot of long term bonds that aren’t worth much now.

[@valoguy]

Social Security makes me the angriest. I'm 42 and am 100% sure I won't live past 65(combination of mental and physical reasons). That being said I'll never see anything that I put into that system.

[@n8danext1up30]

Well !! ppl I hope you get everything you hoped for with this Guy !! 8.4 trillion last time . Maybe he will break his current record! I just don't wanna hear excuses no matter the side we need to call it out .

[@10-4-q6i]

Trump and his associates trying to get the numbers mathematically right is like watching Ma and Pa Kettle do math

[@tudortv2147]

Natasha Sareen is being dishonest, she needs to be specific and precise if she is going to rely on such conjecture.

[@MBarberfan4life]

They will pay for it through money creation/inflation. In other words, the Fed will stop QT and return to expanding its balance sheet.

[@armonjohnson]

It’s a grift. The numbers don’t lie🤷🏾

[@wakazzzful]

Too much spending. It's not a tax revenue problem.

[@Felix-op1rw]

the us doesnt have a high governement spending to gdp ratio in international comparison. Tax revenue is also relatively low in international comparison. But often people argue they want less spending but if it then comes to actual cuts (and they receive less money or services) the majority are against spending cuts

[@mfer134]

Cut gov't workers. AI chat bots can do a better job.

[@mikeh66]

Who said we "HAD TO PAY"... INCOME TAX???

[@jimmckittrick6515]

Fun fact. Tax receipts went up after the last tax cuts. Look it up, it's easy to do.

[@campflint76]

That’s a MAGA lie. Just exploded the deficit.

[@poopster1100]

so did the deficit and they were a factor in the inflation we had. Trump added 8 trillion to the debt 4 if you take out pandemic

[@Satjr35031]

It must be true if you read it on the internet

[@daviddadamo2290]

But did not generate as much revenue as if the tax cuts had not been passed in the first place. We’re not stupid.

[@jtg2323]

Federal revenue went up in 2022 when the Biden administration IRS started collecting taxes from people who weren’t paying what they owed. American taxpayers owe nearly $700 billion In uncollected taxes.

[@garys3010]

here will be 300 billion dollars spent on US digital advertising in 2025. All of this expense is tax deductible,; that means 100% that exxon, ibm, apple, pfizer, microsoft or any other companies spend on internet ads each year they get back. Why not tax those company's with with more than 10,000 employees worldwide 50%, meaning that they can write off only 50%????? That would add 150 billion to the treasury each year. Consider this: the US education budget is 241 billion.....See why we are such an ignorant nation of sheep? Or you could just give is to the American people who have to suffer through these ad...that would be $576.00 for each person in the USA above that age of 18. That would be a nice tax return. These numbers have a +/- depending on how many companies exceed the 10k employee line, however its something to ponder...

[@Bigblues0707]

Money is literally digital. Every one needs to stop acting like theres not infinite money. You can literally change ones number and do it till we all die. Ask yourself why trillions and billions have been thrown around the last 20 years

[@arthurwatt5162]

Its will add 4 and a half trillion to the debt. Anyone think the rich needs more money? They will have to offset it by cutting something. Likely healthcare.

[@greyassets4782]

You people are completely ignorant of tax history. Before 1913, ALL taxes were paid by businesses and property owners. The founders never intended for individual income to be taxed. We were a capitalist nation then, and became a socialist nation when we started taxing incomes.

[@Satjr35031]

Sounds like you read some type of history book

[@firefly4907]

This is the dumbest thing I have read today on the internet.

[@SkipFrontzJr]

Wait til he runs the US on crypto. We're boned.

[@teole6364]

But if you own cryptos, you are rich

[@SkipFrontzJr]

@teole6364 not for long.

[@simrans3675]

@@SkipFrontzJr For long actually - do the math next time

[@arielmscisney6128]

TWO WORDS: Bicoin, Tarrifs.

[@poopster1100]

2 words scam and inflation

[@magicsaint]

One word: dumb!

[@gurianconstantin2604]

Enjoiy this 😅😅😅

[@edgarhigareda2022]

Natasha doesn’t know anything 😂

[@cmiksee1932]

Sarin is snark without irony or substance. Dull, derivative, partisan.

[@poopster1100]

she great AND correct

[@DewaAgung-v1e]

Prasibel komiment selection internasional

[@koshyphilip4410]

We are talking about Corporate Taxes. Where is the middle class coming in that???

[@Idealgentlemen_]

All of this is complete wishful thinking, all these people and all these degrees and education and most of them STILL don’t understand how tariffs work😂.……that’s quite possibly the funniest and most alarming thing about all of this in totality

[@DimeDoppler]

How do they work?

[@Idealgentlemen_]

@ I’ll explain it in basic terms without loopholes because that will get more lengthy…..say you’re an American company that wants to make a product, but that product would cost and outrageous amount here, so you outsource it to a cheaper country, when they then make the product and they export it to you, you’re responsible for the tax when it hits your border, so whether it’s net 45 or net 90, you still have to pay them, they’re job is done……now when it gets here you still have to 1. Worry about the taxes, and 2. Find a way to make a profit, because you’re not going to sell it at a wash……and ta-da that’s one way of how inflation happens……just to keep it simple

[@LlamitaFiel]

@@Idealgentlemen_fkn 🤡😂 gtfo with your kindergarten degree 📜

[@scotcharron1679]

And u can too

[@Grantthecatholic]

10 trillion for tax cuts including no taxes on tips or overtime is not mathematically accurate lmao