Trump's Big Beautiful Tax Bill: What They’re NOT Telling You

"But beyond that, you'll start to see a difference because now instead of the next tax bracket being at 25%, it's going to be at 22% up to $103,000 a year, not $120,000 a year. The bracket after that is not 28%. It's now going to be at 24% up to $197,000 a year instead of a quarter million a year. Then the next bracket after that is not 33%, it's going to be 32% up to a4 million a year, not $544,000 a year. And then the next bracket is going to stay at 35%. But instead of going to $546,000 a year, it's being extended to $626,000 a year. And then the final tax bracket will not be at 39.6%. is going to be at a top 37% on every dollar that you earn over $626,000 a year."

"Now, let's take a look at the 2025 numbers. Single tax filers will get a $15,750 standard deduction, while people that are married filing jointly will get a $31,500 standard deduction, which means no matter how much money you make, whether it's under $50,000 a year or more, you will get to qualify for a larger standard deduction."

"On top of this, on top of the standard deduction, which is if you earn money from tips, you can deduct up to $25,000 in tip income."

"And it allows you to deduct $12,500 a year in overtime income."

"You can only qualify for this deduction if you're making under $150,000 a year as a single tax filer or $300,000 a year as a joint tax filer."

"If you are a US citizen and you have a baby between January 1, 2025 and December 31, 2028, that baby qualifies for a $1,000 contribution from the United States government into what's called the Trump account."

"And what the senior deduction says is the United States government will give you an additional $6,000 of standard deduction for seniors over the age of 65 just because you're older so long as you're making under $75,000 a year. After $75,000 a year, it slowly gets phased out until $175,000 a year."

"Because if this bill was not passed in 2026, the corporate tax rate was going to go up to 35%. But because this bill was passed, it is keeping corporate tax rates at 21%."

"what this also did is it gives business owners up to a $31,300 deduction on heavy vehicles."

"if you use this vehicle for more than 50% business, you can qualify for an additional 100% bonus depreciation."

"We know that this bill is going to allocate an additional $150 billion in defense spending, which means that some of the defense companies in the United States are going to get bigger and more contracts from the United States government, which is good for those defense companies and the defense stocks."

"this bill is expected to add another $3 trillion or so to our national debt over the next decade. Why does that matter? Because in general when the government spends money they don't have which is our national debt or national deficit. When the government spends money they don't have that creates some sort of inflation."

"But what we do know is in general when you see national debt go up, stocks go up over the long term."

"This doesn't mean we're not going to see a market crash. This doesn't mean we're not going to see a recession. We will see a recession. We will see a market crash."

"Now, with the new tax proposal signed into law, the numbers look a little bit different. Again, these are not exact numbers. I rounded everything to keep it simple for this video. But if you're making under $50,000 a year, you're not really seeing much of a difference. But beyond that, you'll start to see a difference because now instead of the next tax bracket being at 25%, it's going to be at 22% up to $103,000 a year, not $120,000 a year. The bracket after that is not 28%. It's now going to be at 24% up to $197,000 a year instead of a quarter million a year. Then the next bracket after that is not 33%, it's going to be 32% up to a4 million a year, not $544,000 a year. And then the next bracket is going to stay at 35%. But instead of going to $546,000 a year, it's being extended to $626,000 a year. And then the final tax bracket will not be at 39.6%. is going to be at a top 37% on every dollar that you earn over $626,000 a year."

"But now, through this new bill, it is going to raise the standard deduction for single filers and married filers. Now, again, this standard deduction is a deduction you get to take against your income no matter what. That's why it's called the standard deduction. You don't have to worry about itemizing everything. Everybody qualifies for this. Now, let's take a look at the 2025 numbers. Single tax filers will get a $15,750 standard deduction, while people that are married filing jointly will get a $31,500 standard deduction, which means no matter how much money you make, whether it's under $50,000 a year or more, you will get to qualify for a larger standard deduction."

"if you earn money from tips, you can deduct up to $25,000 in tip income."

"And it allows you to deduct $12,500 a year in overtime income."

"You can only qualify for this deduction if you're making under $150,000 a year as a single tax filer or $300,000 a year as a joint tax filer."

"If you are a US citizen and you have a baby between January 1, 2025 and December 31, 2028, that baby qualifies for a $1,000 contribution from the United States government into what's called the Trump account."

"The United States government will give you an additional $6,000 of standard deduction for seniors over the age of 65 just because you're older so long as you're making under $75,000 a year."

"Because if this bill was not passed in 2026, the corporate tax rate was going to go up to 35%. But because this bill was passed, it is keeping corporate tax rates at 21%."

"what this also did is it gives business owners up to a $31,300 deduction on heavy vehicles."

"if you use this vehicle for more than 50% business, you can qualify for an additional 100% bonus depreciation."

"this bill is going to allocate an additional $150 billion in defense spending"

"this bill is expected to add another $3 trillion or so to our national debt over the next decade."

"We will see a recession. We will see a market crash."