ilmscore | BREAKING: Trump JUST Signed The LARGEST Tax Cut In American History - What’s Inside!

BREAKING: Trump JUST Signed The LARGEST Tax Cut In American History - What’s Inside!

Published: 2025-07-04
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 6
Incorrect: 3
Pending: 1
Unrated: 0
Prediction
Topic
Status
Predicted that there will be no tax on overtime pay.
"Kind of like the next one, which is going to be no tax on overtime."
Taxes
Correct
Predicted that state and local tax deductions will be quadrupled to $40,000 starting in 2025 and running through 2029, increasing with inflation every year thereafter.
"Starting in 2025 and running all the way through 2029, state and local tax deductions have been quadrupled to $40,000, increasing with inflation every year thereafter."
Tax Deductions
Correct
Predicted that tax plan benefits will begin to phase out for high-income earners.
"this tax plan will begin to phase out these"
Tax plan benefits
Correct
Predicted that tax brackets will remain as they have been since 2018 and will increase with inflation every year through 2029, resulting in higher after-tax income for nearly all Americans.
"will remain as they have been since 2018 and will increase with inflation every year through 2029. This means no more 39.6% tax bracket and after tax income for nearly all Americans will be going a little bit higher."
Tax brackets
Correct
Predicted that individuals can deduct interest payments on personal used car loans up to $10,000 per year, starting in 2025 and lasting through 2028.
"Starting this year and through 2028, you could now deduct the interest payments on personal used car loans up to $10,000 a year on top of the standard deduction"
Tax Deductions (Car Loans)
Incorrect
Predicted that the EV tax credit will expire on September 30, 2025.
"it's now scheduled to expire September 30th, 2025."
EV Tax Credit
Correct
Predicted that the new tax plan will add to the national debt.
"This is going to be adding to the national debt."
National Debt
Correct
Predicted that the new tax plan will reduce federal tax revenue by $4.5 trillion over the next 10 years.
"it's estimated to also reduce federal tax revenue by 4.5 trillion during that same time."
Federal Tax Revenue
Pending
Predicted that the new tax plan will cost the bottom 20% of taxpayers an additional $560 per year.
"this tax plan is going to cost the bottom 20% of taxpayers $560 a year,"
Tax Burden
Incorrect
Predicted that gamblers will now have to pay a 10% tax on their losses.
"gamblers are now going to have to pay a 10% tax on their losses"
Gambling Taxes
Incorrect