Post New Article

The reason why you may have to pay MORE
tax in 2026

Original Article

Posted By: Imright, 5/19/2024 8:00:15 PM

Donald Trump-era tax breaks are set to expire next year meaning millions of Americans may have to start paying more in 2026. Trump made sweeping changes to the tax landscape through the Tax Cuts and Jobs Act (TCJA) in 2017. This included lowering individual income tax rates, almost doubling the standard deduction and raising the federal estate tax exemption. It also slashed corporate income tax to 21 percent - its lowest level since 1993.However, these cuts are due to expire on January 1, 2026 - a date dubbed 'Sunset day' by financial experts.

Post Reply

Reminder: “WE ARE A SALON AND NOT A SALOON”

Your thoughts, comments, and ideas are always welcome here. But we ask you to please be mindful and respectful. Threatening or crude language doesn't persuade anybody and makes the conversation less enjoyable for fellow L.Dotters.


Reply 1 - Posted by: DogFacedPonySoldier 5/19/2024 8:19:07 PM (No. 1720981)
If the government can spend capriciously beyond its income, why are we paying any taxes at all?
5 people like this.

Reply 2 - Posted by: mc squared 5/19/2024 8:40:03 PM (No. 1720988)
No one making less than $400, 000 will see their taxes raised. Joe Biden.
3 people like this.

Reply 3 - Posted by: wilarrbie 5/19/2024 8:58:13 PM (No. 1720995)
Yep, coupla extra million uninvited freeloaders and a whole new crop of terrorist college kids loans will need to be paid off. (Their job skills are somewhat lacking beyond 'protester'.)
3 people like this.

Reply 4 - Posted by: snakeoil 5/20/2024 12:26:28 AM (No. 1721051)
At my age I'll settle for just making it to 2026.
1 person likes this.

Reply 5 - Posted by: smokincol 5/20/2024 12:27:12 AM (No. 1721052)
then, the congress, controlled by the repubs, for now, must make the Trump Tax Cut program permanent, something that Larry Kudlow was, over and over, prodding every member of congress to enact and save the country Kevin McCarthy told Larry he'd do it and it never got done and Mike Johnson hasn't said, I don't think, whether he'd do it or not, either way if the repub congress doesn't get it done and the repubs lose the House and don't take the Senate then there will be financial chaos like you read about starting in 2025 and, maybe, a civil uprising on a scale not to be imagined happening in this country
1 person likes this.

Reply 6 - Posted by: mifla 5/20/2024 3:46:47 AM (No. 1721082)
Since our government simply prints money when it needs it, just abolish the income tax and use the IRS budget to purchase more printing presses.
3 people like this.

Reply 7 - Posted by: Strike3 5/20/2024 7:03:14 AM (No. 1721162)
How about you Brits focus on your own tax, immigration, healthcare disaster and leadership problems and let us solve our own? I'm sure your Islamic government is open to suggestions.
4 people like this.

Reply 8 - Posted by: Bur Oak 5/20/2024 7:09:26 AM (No. 1721165)
There is also the Biden 20% inflation tax we pay on everything we purchase.
2 people like this.

Reply 9 - Posted by: snowoutlaw 5/20/2024 8:56:04 AM (No. 1721243)
Actually my taxes went up a little when I could no longer deduct all my state and local taxes and had to take the standard deduction so if this happens I should end up paying less.
0 people like this.

Reply 10 - Posted by: cor-vet 5/20/2024 9:15:29 AM (No. 1721259)
It's always been, tax cuts have end dates, tax increases are forever. Does any working, tax paying American really think that will change?
0 people like this.

Below, you will find ...
Most Recent Articles posted by "Imright"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by Imright"
Biden’s divisive, defeatist HBCU speech
proves he has nothing to offer black voters
0 replies
Posted by Imright 5/21/2024 3:17:35 AM Post Reply
President Biden’s message for fresh-faced African-American college grads: America is racist, and black Americans are set up to fail. In his Sunday commencement speech at historically black Morehouse College in Atlanta, the prez vowed “to call out the poison of white supremacy,” and “to root out systemic racism.” “It’s natural to wonder if democracy . . . actually works for you,” he told the ranks of young black men; and black Americans “have to be 10 times better than anyone else to get a fair shot.” He also threw Israel under the bus again, explicitly calling for “an immediate ceasefire” and assuring the crowd he supports “peaceful, nonviolent protest”
RFK Jr. vows to give black farmers $5
BILLION in reparations if he wins the
White House and says funds are 'not money,
that is entitlement' despite white counterparts
labeling it racist
0 replies
Posted by Imright 5/21/2024 3:12:08 AM Post Reply
Robert F. Kennedy Jr. has made a campaign promise to black farmers that will give them $5 billion in reparations should he win the 2024 presidential election. Kennedy, a one-time Democrat turned third-party insurgent, was speaking on a recent episode of his podcast with John Boyd Jr., founder of the National Black Farmers Association. Boyd Jr. is behind an effort to sue the Biden administration for watering down a proposed debt relief program aimed at helping people of color and 'socially disadvantaged farmers and ranchers' in the agriculture industry.
Report: Illegal Aliens Are Rushing to
the Border Now Because They’re Afraid
Trump is Going to Win in November
3 replies
Posted by Imright 5/21/2024 2:55:57 AM Post Reply
Illegal immigrants are apparently paying attention to political poll numbers in the United States. Many of them are afraid that Trump is going to win in November and they’re rushing to the border as a result. They’re afraid that the free-for-all they have enjoyed under Biden will be all over and the border will finally come to an end. Say what you will about these people, but they’re not stupid. They know Biden is in their corner and that Trump is serious about border security. The New York Post reported: Migrants rushing to cross border now in case Biden loses in November: ‘We don’t want Trump’
Carville: Only 50% Chance Presidential
Debates Happen
1 reply
Posted by Imright 5/21/2024 2:52:48 AM Post Reply
Democratic strategist James Carville said Monday on MSNBC’s “Inside” that there was only a 50% chance the presidential debates happen. Host Jen Psaki said, “What you think Biden needs to do in this debate?” Carville said, “He needs to hit this abortion issue home. That is the first thing he should do. I’m not going to point to the Supreme Court. I’m not going to complain about the Supreme Court operating under the same ethics rules. The one issue I would kick hard. I wonder why it is not being kicked hard, is this billion dollar donation on the right to energy policies in the United States.
Black Bostonians demand more than $15billion
in reparations from the city as local
white churches discuss offering $50million
23 replies
Posted by Imright 5/20/2024 8:05:13 PM Post Reply
The Boston People's Reparations Commission has demanded the city invest $15 billion in slavery reparations for the Black Bostonian community. Over 200 members of the community gathered at a Commission meeting at the Bolling Building in Nubian Square on Saturday. They discussed what reparations mean to them and reiterated their demand for $15billion to be invested 'monetarily and through public policy that will be in effect for Black Bostonians for generations'.Head of the Commission Reverend Kevin Peterson told WCVB even though the group is asking for $15billion, it is 'not enough' as 'every life is incalculable.'
Biden Gets Lost After Claiming Israeli-American
Still Being Held Hostage by Hamas is “Here
With Us Today” in Rose Garden Speech (Video)
10 replies
Posted by Imright 5/20/2024 7:07:25 PM Post Reply
Joe Biden didn’t leave his Delaware residence until late Monday after the CPAP machine was pried off of his face. Hardworking Americans were more than halfway through their workday while Joe Biden was struggling to walk up Air Force One steps at around 12:40 pm ET. (Video) Biden, joined by Second Gentleman Doug Emhoff, delivered remarks at a celebration for Jewish American Heritage Month in the Rose Garden at the White House. As usual, Biden was a total disaster.At one point Joe Biden said an Israeli-American who is still being held hostage by Hamas was at the White House. “And here with us today is Hersh Goldberg-Polin…” Biden said before correcting himself.
Trump-Appointed Judge Blocks Biden’s
ATF Rule Expanding Gun Background Checks
5 replies
Posted by Imright 5/20/2024 6:51:38 PM Post Reply
A federal judge on Sunday issued a temporary restraining order against the Biden Administration, stopping the unconstitutional ATF rule expanding gun background checks. Last month the Biden Regime announced the implementation of the “Engaged in the Business” Final Rule. The Final Rule aimed to close the so-called “gun show loophole,” ensuring that all gun dealers, regardless of where they sell firearms, comply with federal background check requirements. Firearms Policy Coalition wrote, “There’s no such thing as a “gun-show loophole,” and despite everything wrong with this despotic overreach, ATF even makes this clear when answering the public comments of “supporters.” Your intentionally deceitful commentary mirrors that of history’s most vile government actors.”
‘Stunning’: New Trump Trial Revelation
Shocks Jake Tapper
12 replies
Posted by Imright 5/20/2024 6:30:25 PM Post Reply
The “stunning” admission that Michael Cohen stole from the Trump Organization visibly shocked CNN’s Jake Tapper on Monday. Cohen, the lawyer who made out the $130,000 hush money to former porn actress Stormy Daniels, told defense attorney Todd Blanche that he stole $30,000 from former President Donald Trump’s company to get himself bonus money he believed he deserved relating to the reimbursement deal.“It’s fascinating stuff, and I have to say, I’m still kind of reeling from the revelation that Michael Cohen stole money from the Trump Organization and that wasn’t, at least to my knowledge, that the prosecution didn’t get that out earlier
Biden Claims He Was Vice President During
Pandemic as Voters Say His ‘Public Lapses’
Are More Frequent
8 replies
Posted by Imright 5/20/2024 6:26:01 PM Post Reply
President Joe Biden’s latest blunder came on Sunday when he claimed that he was vice president during the pandemic and that former President Barack Obama sent him to Detroit, Michigan, to “help fix it.” Biden’s factually false comment came during a National Association for the Advancement of Colored People (NAACP) dinner in Detroit, the Daily Beast reported. (X Video) “And when I was vice president, things were kinda bad during the pandemic, and what happened was Barack said to me, ‘Go to Detroit and help fix it!’” Biden told attendees, per a viral video from the event.
Biden trails Trump in critical states
of Arizona and Florida as his campaign
grapples with MORE warning signs less
than six months away from 2024 election
2 replies
Posted by Imright 5/20/2024 6:07:07 PM Post Reply
New polling shows President Biden trailing Donald Trump in two key battleground states with less than six months to go before the general election. The ex-president is polling at 52 percent in Arizona to Biden's 47 percent according to the latest CBS News poll. Trump also leads Biden 54 percent to 45 percent in Florida among likely voters, the CBS News poll found. The polling is the latest in a series of swing state polls that have been bad news for the Democratic president as the election is expected to be decided in just over a handful of crucial swing states come November.
At Least 45 Shot During Weekend in Mayor
Johnson’s Chicago
10 replies
Posted by Imright 5/20/2024 6:02:56 PM Post Reply
At least 45 people were shot, one fatally, during the weekend in Mayor Brandon Johnson’s (D) Chicago. ABC 7 / Chicago Sun-Times reported the one fatal shooting occurred Saturday about 11: 30 p.m. There was an argument and two of the people involved pulled a gun and opened fire. Two men–one 50 years old and the other 44 years old–were shot, as well as a 27-year-old woman. The 44-year-old was holding a handgun but dropped it after being shot. He was taken to the hospital and pronounced dead.Breitbart News reported at least 21 people were shot during the weekend of May 10-12, 2024, and three of those shooting victims succumbed
‘No Units to Send You’ – Woman Terrified
After 911 Call Goes South, Leaves Her
with No Help During Home Invasion
8 replies
Posted by Imright 5/20/2024 5:45:09 PM Post Reply
A Chicago woman experienced firsthand the consequences of the city’s failures to ensure its citizens have police protection. The woman, only identified as “Michelle,” waited for hours for a police response Wednesday after experiencing a home invasion, according to WMAQ-TV, the NBC station in the Windy City. The suspects entered the home in the upscale Wicker Park district after Michelle let her dog out about 12:30 p.m., WMAQ reported. When she saw two men wearing masks inside her home, she screamed, “I am calling the police,” she told WMAQ.“And they bolted,” she told the station.She was lucky they did. Michelle called 911 after the incident,
Most Active Articles (last 48 hours)
Pope Francis denounces attempts to close
southern border as ‘madness’
36 replies
Posted by Moritz55 5/20/2024 2:48:35 PM Post Reply
Pope Francis denounced efforts to limit migration at the U.S.-Mexico border on Sunday, calling out a Texas effort to shut down a Catholic charity “madness.” The Catholic leader said in a “60 Minutes” interview with Norah O’Donnell that American leaders should instead embrace forgiveness toward migrants entering the country. “Migration is something that makes a country grow,” he said. “They say that you Irish migrated and brought the whiskey, and that the Italians migrated and brought the mafia. Migrants sometimes suffer a lot. They suffer a lot.”
Biden asks NAACP crowd what they think
Trump would have done if January 6 rioters
were black
31 replies
Posted by Imright 5/20/2024 5:41:39 AM Post Reply
President Joe Biden sharpened his racially-charged attack on former President Donald Trump during Sunday night's annual NAACP Detroit Branch Freedom Fund dinner. 'What do you think he would have done on January 6 if black Americans had stormed the Capitol?' Biden asked - as members of the crowd collectively gasped. The president then added, 'No, I'm serious. What do you think? I can only imagine,' as Trump has long promised to pardon those involved in the 2021 Capitol attack if he's elected to a second term in November.
Watch — Biden Delivers Bleak Commencement
Address: Black Men ‘Being Killed in
the Street’
27 replies
Posted by Imright 5/20/2024 8:26:03 AM Post Reply
President Joe Biden delivered a bleak commencement address this weekend, characterizing America as a racist place that does not love black people. Biden gave a commencement speech at Morehouse College in Atlanta on Sunday where he appeared to characterize America in the harshest light in terms of race relations. “You started college just as George Floyd was murdered,” Biden proclaimed. “And there was a reckoning on race. It’s natural to wonder if the democracy you hear about actually works for you.”
Black Bostonians demand more than $15billion
in reparations from the city as local
white churches discuss offering $50million
23 replies
Posted by Imright 5/20/2024 8:05:13 PM Post Reply
The Boston People's Reparations Commission has demanded the city invest $15 billion in slavery reparations for the Black Bostonian community. Over 200 members of the community gathered at a Commission meeting at the Bolling Building in Nubian Square on Saturday. They discussed what reparations mean to them and reiterated their demand for $15billion to be invested 'monetarily and through public policy that will be in effect for Black Bostonians for generations'.Head of the Commission Reverend Kevin Peterson told WCVB even though the group is asking for $15billion, it is 'not enough' as 'every life is incalculable.'
Shock study shows how 42M recipients spend
their food stamps -- and they're not buying broccoli
22 replies
Posted by OhioNick 5/20/2024 1:51:20 PM Post Reply
An alarming study has spotlighted how 42 million food stamp recipients spend their welfare handouts on ultra-processed junk food. Coca-Cola, Sprite and other soft drinks are the most commonly-bought items via the $135 billion-a-year Supplemental Nutrition Assistance Program (SNAP), a new study says. Candy, potato chips, frozen pizza, ice cream, cookies, and other ultra-processed food dominates the top 20 items, says a report from the Economic Policy Innovation Center (EPIC). Report author Matthew Dickerson says recipients spend 'spend significant portions of their allotments on junk food.'
White House Refuses to Confirm or Deny
If Joe Biden Plans to Use Performance-Enhancing
Drugs in Debates
19 replies
Posted by Imright 5/20/2024 12:41:58 PM Post Reply
The White House refused to confirm or deny Monday whether President Joe Biden intends to use performance-enhancing drugs in preparation for the presidential debates. Former President Donald Trump believes Biden should receive a drug test before the debates. “I don’t want him coming in like the State of the Union,” Trump told Republicans during a speech in Minnesota on Friday. “He was high as a kite. I said, ‘Is that Joe up there, that beautiful room? And by the end of the evening, he’s like” — Trump made a guttural sound — “He was exhausted, right? No, we’re going to demand a drug test.”
Joe Biden Falls Apart at NAACP Dinner:
“I Got Involved in Civil Rights When
I Was 15!” (Video)
19 replies
Posted by Imright 5/20/2024 12:12:42 PM Post Reply
Joe Biden on Sunday evening pandered to black voters at the annual NAACP Freedom Fund dinner in Detroit, Michigan. Joe “you ain’t black” Biden is losing support among black voters so he spent the last several days traveling to key swing states lying to blacks. Meanwhile, President Trump has more than doubled his support among black voters. ( X Video) As usual, Biden’s speech was full of lies and gaffes.“Because of your vote, it’s the only reason I’m standing here as President of the United States of America,” Biden said. Biden told the crowd of blacks one of his favorite lies: “I got involved in civil rights when I was 15!”
Biden's presidential motorcade drives
through deep blue Atlanta neighborhood
- but draws only sparse crowd
19 replies
Posted by Imright 5/20/2024 12:33:36 AM Post Reply
President Joe Biden's motorcade drove through deep blue Atlanta this weekend to little fanfare, leading many to wonder about the enthusiasm for his 2024 campaign. In 2020, the president became the first Democrat to win a presidential election in Georgia in 30 years. The party also won both senate seats in the Southern state. But the state's landscape has shifted significantly over the last four years, with recent polls suggesting former president Donald Trump is in the lead in the Peach State.
Breaking: A Fuming Judge Merchan Runs
Interference for Bragg, Shouts at Trump
Defense Witness Robert Costello: Get Out
Of The Courtroom, Now!
18 replies
Posted by Imright 5/20/2024 5:24:55 PM Post Reply
President Trump was back in a Manhattan court on Monday in Alvin Bragg’s Soviet-style ‘hush money’ lawfare trial. The prosecutors earlier Monday rolled out their ‘star witness’ Michael Cohen, a convicted perjurer, to take the witness stand. Cohen shocked the public when he admitted he stole tens of thousands of dollars from Trump and lied to Trump Org. CFO Allen Weisselberg. After the prosecution rested their case, Trump’s defense team called attorney Robert Costello to the witness stand.
Here's How (and How Not) to Celebrate
the Death of the Butcher of Tehran
18 replies
Posted by Hazymac 5/20/2024 1:10:43 PM Post Reply
Iranian strongman Ebrahim Raisi — aka "the butcher of Tehran" — is dead in a Sunday helicopter crash that his countrymen and women are celebrating, so now would be the perfect time for the New York Times to avoid interviewing the Iranian dissident he tried to have assassinated. Advertisement Wait, what? Raisi was "elected" president in 2021, after decades of coming up through the bloody ranks of Iran's hardcore Shiite Muslim theocracy. He earned the "butcher" moniker for his part on the 1988 "death committee" that quickly sentenced more than 5,000 dissidents to death — and just as quickly had them killed. Dissidents reckon that Raisi is directly responsible for the deaths
Kansas City Star Op-Ed Demands Chiefs
Replace Harrison Butker with Female Kicker
17 replies
Posted by Imright 5/20/2024 2:23:41 PM Post Reply
The Kansas City Star is the latest left-wing outlet to go on the attack against Kansas City Chiefs kicker Harrison Butker for his daring support of Christian values with an editorial demanding that the team fire Butker and replace him with a woman. In his anti-Christian op-ed, Star writer Peter Hamm told readers, “For poetic justice after Harrison Butker’s Neanderthal outburst — and because the pipeline of talent is real — the Kansas City Chiefs’ next kicker should be a woman.” “This is not a joke. It’s not unrealistic. And it would be good for business,” Hamm exclaimed.
Electric car disaster as EU ports fill
up with 100,000s of Chinese models no
one wants
16 replies
Posted by OhioNick 5/20/2024 8:09:06 PM Post Reply
Major EU ports are almost full to capacity with Chinese electric vehicles (EVs) that no one wants to buy. A slump in sales across Europe has caused parking lots at the Belgian ports of Antwerp and Zeebrugge to fill up with the Chinese imports. The parking lots are each able to accommodate about 130,000 vehicles and are crammed full of MGs, BYDs, Nios, XPengs, Lynk & Cos, Omodas and Hongqis, among others. Chinese EV companies have aggressively targeted European markets as they look to take advantage of the EU's green agenda.
Post New Article