🔥⚡️TRUMP’S NEW TAX GAME: FROM WALL STREET FRIEND TO FISCAL HAWK?
May 9, 2025 — Get ready for a plot twist straight from the halls of power. President Donald Trump, the man who once handed billionaires a historic tax cut, is now floating the idea of raising taxes — and not just by a little.
According to insiders at Bloomberg and The New York Times, Trump has proposed restoring the top income tax rate to 39.6% — the same “rich tax” level from the Obama era. And it’s not just for anyone — this would hit individuals earning $2.5 million+ a year, or married couples pulling in $5 million or more.
Remember, in his first term back in 2017, Trump slashed that same top tax rate from 39.6% to 37% — a move celebrated across Wall Street and Silicon Valley. But times have changed. Now, with fiscal deficits ballooning and public sentiment shifting, even Trump seems ready to make the ultra-wealthy pay a bit more.
And it doesn’t stop there.
Trump is also targeting one of Wall Street’s favorite loopholes:
The carried interest tax break.
For years, venture capitalists and private equity titans have dodged higher tax bills by claiming “carried interest” — effectively paying lower capital gains taxes on what is clearly regular income. Trump wants that loophole gone, forcing the financial elite to finally cough up at standard income tax rates.
So, why the sudden change of heart?
— Mounting fiscal pressure and ballooning national debt
— A political masterstroke ahead of 2026 midterms
— A calculated move to outmaneuver critics and appeal to middle America
But let’s be real — is this genuine reform or just a headline play?
To the #AMAGE community:
Is Trump rewriting his legacy with a bold new stance on wealth inequality — or is this just smoke and mirrors to score political points? And more importantly… who actually ends up footing the real tax bill in the end?
