poses 5 Trillion in New Taxes

📢 𝐑𝐮𝐛𝐞𝐧 𝐭𝐡𝐞 𝐂𝐮𝐛𝐚𝐧 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 📢

𝐊𝐚𝐦𝐚𝐥𝐚 𝐇𝐚𝐫𝐫𝐢𝐬’𝐬 $5 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐓𝐚𝐱 𝐇𝐢𝐤𝐞: 𝐖𝐡𝐚𝐭 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐭 𝐨 𝐊𝐧𝐨𝐰

According to Americans for Tax Reform (ATR) here are the details:

• Massive Tax Increase: Harris’s campaign confirmed a $5 trillion tax hike over ten years on American households and businesses as part of the FY 2025 budget.

• Impact on Households: Expect higher costs of goods and services and reduced wage growth.

• Corporate Tax Hike: Proposes raising the corporate tax rate from 21% to 28%, higher than China’s 25% and the EU’s 21%.

• Small Business Tax Increase: Raises the top marginal income tax rate for small businesses from 37% to 39.6%.

• Capital Gains Tax: Increases the top marginal rate on long-term capital gains and dividends to 44.6%, more than double China's rate.

• Unconstitutional Wealth Tax: Proposes a 25% minimum tax on unrealized gains for individuals with income/assets over $100 million.

• Second Death Tax: Eliminates stepped-up basis, taxing inherited assets as if sold at death.

• Global Tax Cartel: Introduces a 21% global minimum tax, harming U.S. competitiveness.

• Stock Buyback Tax: Quadruples the tax on stock buybacks, impacting Americans with 401(k)s, IRAs, and pensions.

• Cryptocurrency Mining Tax: Imposes a 30% excise tax on electricity used in cryptocurrency mining.

• Energy Sector Tax: Imposes $37 billion in new taxes on oil and gas companies, driving up energy costs.

• Medicare Tax Increase: Raises Medicare taxes by 32% for individuals earning over $400,000.

• Retirement Plan Tax: Caps benefits on retirement accounts over $10 million, raising $24 billion in taxes.

• Real Estate Tax Hike: Limits 1031 Like-Kind Exchanges, hurting real estate investors and farmers.

• Supersized IRS: Adds $104.3 billion to the IRS budget and erodes taxpayer rights by easing penalties.

Harris’s tax plan places heavy burdens on businesses and individuals, risking economic stagnation, loss of competitiveness, and increased government overreach.

Americans, wake up before it’s too late!

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