Trump Elected President - MASSIVE Changes to Taxes Coming!

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Donald Trump won the election to become the 47th President of the United States of America. During his campaign, he made a wide variety of tax proposals. Many of these tax proposals could dramatically affect the way that Americans pay taxes during Trump’s second term and possibly far beyond.

In this video, tax expert Karlton Dennis breaks down 9 of Trump’s most important tax proposals. These proposals include no tax on tipped income, a tax deduction for auto loan interest for American-made vehicles and more. Trump has also made several interesting tax proposals for corporate taxes in addition to taxes for individuals.

None of Trump’s tax proposals will become law unless they are supported by Congress. However, considering the fact that the Republicans won the Senate and kept the House, there is a very good chance that at least a few of these tax proposals will end up becoming law. If even one of them does, it could have a massive impact.

CHAPTERS:
0:00 Intro
0:36 Republicans Take Control of White House, Both Chambers of Congress
1:04 Policy #1: No Tax on Overtime Work
1:53 Policy #2: Tax Deduction for Auto Loan Interest for Vehicles Made in the U.S.A.
2:23 Policy #3: No Tax on Social Security Benefits
2:57 Policy #4: No Tax on Tips
3:40 Policy #5: Make the Income Tax Cuts from the Tax Cuts and Jobs Act of 2017 Permanent
4:23 Policy #6: Universal Baseline Tariffs
4:59 Policy #7: Lower the Corporate Tax Rate
5:25 Policy #8: Lifting the $10k Cap on the SALT Deduction
6:08 Policy #9: Eliminating Double Taxation for Americans Living Overseas
7:02 Reducing Wasteful Government Spending
8:09 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#trumptaxes #taxes2025 #taxchanges