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Geraldine Sam

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@ISIDEWITH submitted…11mos11MO

Harris's Tax Plan Targets High-Income Households

Under her plan, taxes would go up sharply on some high-income households, and top marginal tax rates would reach their highest point since 1986. The wealthiest investors and company founders would encounter sizable capital-gains tax bills that they don’t face under current law. Major pieces of the 2017 tax law expire at the end of next year absent congressional action, an outcome that lawmakers in both parties want to prevent. The expiration could give Harris leverage to demand support for some of her tax priorities. If the president and Congress do nothing, about 62% of households will see their taxes go up in 2026, according to the Tax Foundation. Under the Harris plan, that top slice of households (about 0.01%) would pay an annual minimum tax of 25% of their income—using a broader definition of income that includes unrealized gains. Under that plan, the top marginal income-tax rate for individuals would climb to 44.6% across almost all income types, compared with today’s lower top rates (23.8% on capital gains, 29.6% on some business income and over 39% on wages).

▲ 188 replies

Active 22hrs ago

@ISIDEWITH asked…4yrs4Y

Should people under the age of 18 years old be able to receive gender-transition treatments?

In April 2021 the legislature of the U.S. State of Arkansas introduced a bill that prohibited doctors from providing gender-transition treatments to people under 18 years old. The bill would make it a felony for doctors to administer puberty blockers, hormones and gender-reaffirming surgery to anyone…

▲ 89.5k4.1k replies

Active 3hrs ago

@ISIDEWITH asked…14yrs14Y

Do you support the legalization of same sex marriage?

On June 26, 2015 the U.S. Supreme Court ruled that the denial of marriage licenses violated the Due Process and the Equal Protection clauses of the Fourteenth Amendment of the United States Constitution. The ruling made same sex marriage legal in all 50 U.S. States.

▲ 332k12.2k replies

Active 2hrs ago

@ISIDEWITH asked…2yrs2Y

Which political ideology do you most identify with?

Political ideologies are coherent sets of beliefs and values that form a framework for understanding the role of government and the organization of society. They guide political behavior and policy decisions, influencing views on topics like economic distribution, individual liberties, and social justice.…

▲ 1486.4k replies

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