Reported about 8 hours ago
President Trump's proposal to eliminate income tax for individuals earning under $150,000 may initially seem beneficial, but experts warn it could lead to negative consequences for the middle class. Potential downsides include increased sales and property taxes, cuts to Social Security funding, loss of tax deductions for small businesses, financial strain on state governments, and a widening wealth gap as high earners benefit disproportionately. Without official reforms in place, these scenarios remain speculative.
Source: YAHOO