Casa Paura e avidità Piscine minerarie Portafogli Dizionario pubblicizzare Facebook Twitter Telegram Reddit Youtube
Mercato:
24h Vol:
Cryptocurrencies: 13285
Mercata: 101928
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Mercato
24h Vol
13285
Cryptocurrencies
62.25%
Bitcoin Condividere
Cryptopolitan 2025-05-10 19:15:32

New Trump tax bill would kill taxes on tips, overtime, and Social Security

New Trump tax bill would kill taxes on tips, overtime, and Social Security

President Donald Trump’s new tax plan just ripped a hole through decades of tax policy. His latest push would erase federal taxes on tips, overtime pay, and Social Security benefits. This comes as Republicans prepare to bulldoze the bill through Congress without needing a single Democrat. According to CNBC, the House Ways and Means Committee dropped an early version of the text Friday evening. It’s not final, but it reveals how far Trump is ready to go to rewrite how Americans get taxed. The committee plans to debate the legislation Tuesday. Since Republicans control the White House, the Senate, and the House, they’re using a process called reconciliation. It lets them skip the filibuster and pass it with a simple majority. But even with that shortcut, things won’t be smooth. The budget rules are tight, and there are already fights within the GOP over how much this whole thing will cost. Republicans want extensions, but limits could block them Alex Muresianu, a senior policy analyst at the Tax Foundation, said it straight: “The narrow Republican majority in the House is going to make that process very difficult.” That’s because just a few holdouts can shut everything down. And some of them are already complaining about the size of the bill. Shai Akabas, VP of economic policy at the Bipartisan Policy Center, said a few members are demanding a “more fiscally responsible package,” which could kill or shrink some of the new perks. At the center of this is Trump’s 2017 law, the Tax Cuts and Jobs Act (TCJA). That law gave deep tax cuts to both businesses and individuals. It lowered brackets, hiked the standard deduction, increased the child tax credit, and gave a 20% break to pass-through businesses. Unless Congress steps in, most of those perks vanish after 2025. The new bill tries to stop that. It extends some parts permanently and some temporarily. The draft includes inflation fixes to tax brackets, a longer life for the pass-through deduction, and an expansion of the child tax credit to $2,500 per kid from 2025 to 2029. That’s up from the current $2,000. Trump wants that increase even though a bipartisan bill to do it already failed in the Senate earlier this year. Trump wants to scrap taxes on tips and Social Security Another fight is brewing over the SALT deduction—that’s the cap on how much in state and local taxes you can write off. The 2017 law capped it at $10,000, mainly to help pay for the other cuts. Before that, filers who itemized could claim unlimited SALT write-offs unless the alternative minimum tax limited them. That cap expires after 2025 too. High-tax states like California, New York, and New Jersey want it gone. And now, in a rare flip, Trump supports lifting it. But nothing about SALT is in the draft yet. Howard Gleckman, senior fellow at the Urban-Brookings Tax Policy Center, said lifting the cap mostly helps upper-middle-class people, since low-income folks don’t usually itemize. Outside the TCJA extensions, Trump is gunning for three headline changes: no taxes on tips, overtime, or Social Security. These were campaign promises, and while they didn’t make it into the draft yet, Trump hasn’t backed off. There are real questions about how that would even work. Muresianu said one risk is “reclassification of income.” Basically, people could try to cheat the system by calling normal pay “overtime” or “tips.” But he added, “There are ways you could mitigate the damage.” Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

La maggior parte ha letto le notizie

Moralis Money
Mercato
24h Vol
62.25%
Bitcoin Condividere
44
Oggi notizie
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta