3 Big Tax Code Changes Trump & Congress Should Consider in 2025!

As Donald Trump and Congress consider reforming the tax code, I’m sharing 3 bold proposals to simplify taxes, boost the economy, and empower American taxpayers:

1️⃣ Increase the Capital Loss Limitation:
The current $3,000 cap, set in 1986, hasn’t kept up with inflation. Adjusting it to $20,000–$30,000 would give investors the relief they need in today’s economy.

2️⃣ Reduce Capital Gains Taxes:
A flat 10% capital gains tax rate could eliminate the complexity of short-term vs. long-term gains, while encouraging investments across crypto, stocks, bonds, real estate, and more.

3️⃣ Raise the Standard Deduction:
Doubling or tripling the standard deduction (up to $60,000–$70,000) would simplify taxes for millions, increase take-home pay, and reduce reliance on expensive tax prep services.

These changes could revolutionize the tax code, putting more money in Americans’ pockets and promoting fairness across all income levels.

💬 What do you think? Comment below!

#CryptoTax #TaxReform #DonaldTrump #CapitalGainsTax #TaxCodeSimplification #CryptoInvesting #Inflation #MakeAmericaGreatAgain #TaxPolicy #economicgrowth

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