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The Trump and Harris Tax Plans, Explained. The two presidential candidates disagree when it comes to the corporate income tax rate and the child tax credit, but agree that tips should be... Harris: Harris has pledged not to raise taxes for anyone earning below $400,000 a year, a promise that would require her to extend many of the Trump tax cuts. Harris also echoed Trump’s call for ... Tax policy experts provide the latest details and analysis of the Vice President Kamala Harris tax plan and proposals amid the 2024 Election. On tax policy, Harris carries forward much of President Biden’s FY 2025 budget, including higher taxes aimed at businesses and high earners. In her economic plan, Harris has proposed raising the top-line tax rate to 39.6 percent for single filers who make above $400,000 and joint filers who earn more than $450,000. Currently, the top ... Former President Donald Trump has unveiled two new tax plans in recent days while campaigning, targeting overseas voters and Americans paying off car loans, as both he and Vice President Kamala... Harris’ tax plans for the private sector run the opposite of Trump’s. Harris would raise the corporate tax rate from 21% to 28% and an alternative minimum tax for corporations from 15% to... Former President Donald Trump aims to lower corporate taxes while Vice President Kamala Harris proposes higher taxes on the wealthy and corporations. Taxes will be a key issue for the next president. Without action from Congress, trillions in tax breaks enacted by Trump via the Tax Cuts and Jobs Act, or TCJA, will expire after 2025. More... Harris vs Trump on the estate tax. The federal lifetime estate and gift tax exemption for people who die in 2024 is $13,610,000, and the highest estate tax rate is 40%. However, after 2025, the ...

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