Tax Proposals from Kamala Harris and Bernie Sanders' Disapproval
Both Trump and Harris have differing tax plans if elected, with Trump promising further tax cuts and Harris proposing to increase taxes on higher incomes. The expiration of the Trump tax cuts in 2025 means that tax changes will occur regardless of Congress' actions. Harris has suggested a significant increase in the long-term capital gains tax rate for those earning over $1 million, which could potentially lead to more people leaving California due to already high state taxes. Kamala Harris has proposed several tax ideas, including raising the top income tax rate, increasing the corporate tax rate, and implementing a minimum income tax for households worth over $100 million. She also supports Biden's plan to avoid raising taxes for those making less than $400,000 and expanding the child tax credit. However, some of her more populist tax ideas deviate from Biden's agenda, and taxpayers should expect changes in the upcoming year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
