🛑BREAKING NEWS 🛑: Trump Proposes Top Tax Rate Hike for Ultra-Wealthy 💸
President Trump is pushing to raise taxes on top earners to offset broader tax cuts in his economic plan, per Odaily. The proposal:
39.6% tax rate for individuals earning $2.5M+ yearly or couples making $5M+ 📈
Reverses his 2017 tax cuts, restoring the pre-Trump era top rate (current: 37%)
Aims to scrap the carried interest loophole for private equity/VC managers 💼
The plan, discussed in a Wednesday call with House Speaker Johnson, faces Congress hurdles. Stay tuned for updates!
#TaxReform #EconomyCheck #CryptoCommunity 🏛️ #Write2Earn
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