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re: Expiration of “Trump” tax cuts
Posted on 5/3/24 at 7:11 am to SquatchDawg
Posted on 5/3/24 at 7:11 am to SquatchDawg
Sounds in the ballpark. Trump tax cuts sunsetting so soon was a terrible idea when it happened.
It repealed the personal exemption forever but the standard deduction and child tax credit was a finite period. So dumb.
ETA - I stand corrected on personal exemptions. They would return in 2026.
It repealed the personal exemption forever but the standard deduction and child tax credit was a finite period. So dumb.
ETA - I stand corrected on personal exemptions. They would return in 2026.
This post was edited on 5/3/24 at 2:07 pm
2
Posted on 5/3/24 at 9:36 am to slackster
quote:
It repealed the personal exemption forever but the standard deduction and child tax credit was a finite period. So dumb.
He should've made the individual rate cuts permanent and the corp rates temporary instead of the other way around.
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