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Trump’s New Tax Plan Could Eliminate Income Tax | Karlton Dennis

Wealthy Way

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Navigating Changes in Tax Legislation

This chapter examines recent tax legislation changes, focusing on the increase of the SALT cap and its implications for property owners. It discusses the financial struggles faced by homeowners due to rising property taxes and the broader political context surrounding property tax abolition efforts. Additionally, the chapter reflects on proposals to eliminate income tax for lower earners, the impact of tariffs on government revenue, and the current economic challenges affecting individuals and small businesses.

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