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Trump vs. Harris: The 2024 Tax Plan Showdown – How Their Changes Could Affect YOU!
Manage episode 444729538 series 3574148
Kandungan disediakan oleh Jenni Hendrix. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Jenni Hendrix atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
🎙️ Ask Jenni: Election 2024 Tax Breakdown – What You Need to Know! 🎙️
As we head into Election Season 2024 and Tax Season 2024 approaches, it's the perfect time to dive into the biggest tax law changes on the horizon! In this episode, I break down the key tax proposals from both Trump and Harris and how they impact your wallet.
🔑 Key Highlights:
Harris Tax Plan: Proposed capital gains taxes on unrealized gains at death beyond the $5M exemption and raising capital gains to 28% for those earning over $1 million annually.
Trump Tax Code: The current tax code, still in effect until 2025, could be made permanent under Trump’s plan. He’s also considering eliminating income tax, which might lead to a higher cost of living due to increased tariffs on imports.
Child Tax Credit & Tip Income: Both candidates want to increase the child tax credit and eliminate taxes on tip income—a potential win for families and service industry workers.
💡 Why It Matters: The upcoming election will shape our economy and tax laws for years to come. Make sure you're informed about what’s at stake before you cast your vote this November!
📌 Don't Miss This! Stay tuned to learn how these tax plans could impact you, whether you’re a business owner, entrepreneur, or everyday taxpayer.
🔗 Like, Comment, Subscribe and share this episode with your community. Let’s keep the conversation going—election 2024 is not just about candidates, it’s about your future and finances!
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