Trump vs Harris Tax Plan Who Is Better For YOUR Taxes CPA Explains

5,438 Views

15 Oct 2024

Learn How Trump vs. Harris Tax Plans will Affect YOUR Taxes.

COMMENT BELOW - Which tax plan do you think will be better for YOU - Donald Trump’s or Kamala Harris?

Now, the answer to this question will be different for every person watching this because each candidate is proposing policies that will benefit specific groups of people at the costs of others.

For example, If you’re looking to start a new business or purchase your first home, you might like Kamala Harris’ plan.

Whereas if you already operate a small business, invest, or earn very specific types of income like social security or overtime, you might like certain parts of Trump’s plan.

Now as a licensed CPA and someone who tax plans everyday at mycpacoach.com, I have already reviewed these proposals for you and even published SEPARATE in-depth videos on each proposal to our channel already, so make sure you subscribe and check those out if you have not already.

But in today’s episode, we are going to compare and contrast these plans against each other for almost every group of people, like working families, homeowners, investors, small businesses, high-income individuals, and so on.

Trump vs Harris Plan: (0:00)
2025 Tax Changes: (1:15)
Tax Plan Overviews: (3:00)
Harris $50K New Business Deduction: (4:18)
Trump Small Business Cuts: (5:35)
Harris And Trump on Tips: (7:15)
Trump on Overtime Tax: (7:48)
Trump on Social Security Tax: (8:28)
Harris $25K Homebuyer Credit: (9:53)
Trump Real Estate Tax Cuts: (11:00)
Harris $6K Child Tax Credit: (11:50)
Trump $5K Child Tax Credit: (12:18)
Harris Earned Income Tax Credit: (12:40)
Harris New Capital Gains Tax: (13:45)
Trump Capital Gains Tax: (15:00)
Harris Unrealized Capital Gains Tax: (15:30)
Trump Universal Tariffs Tax: (17:40)
Trump Corporate Tax Cuts: (18:50)
Harris Corporate Tax Hikes: (19:12)
Individual Tax Rate Changes: (19:45)
Which Plan is Better for You?: (20:20)

////
DISCLAIMER: The information provided in this video is for entertainment and informational purposes only and is not professional legal, accounting, or financial advice.