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Technology Stocks : Apple Inc.

AAPL 270.91

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9:41 AM EST

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To: Art Bechhoefer who wrote (212525)	7/11/2023 5:43:50 PM
From: oldbeachlvr	Read Replies (1) of 213177

There is no chance that the capital gains or preferred tax rates for dividends will be raised as long as we have a split house/senate/president. No individual taxes will be raised if the Republicans control any one of the branches. The one thing that could raise individual taxes on January 1, 2026 is the expiration of the "Trump Tax Cuts". "Twenty-three provisions from the Tax Cuts and Jobs Act directly relating to individual income taxes will expire, meaning most taxpayers will see a tax hike unless some or all provisions are extended. Some of the most impactful provisions scheduled to expire include the TCJA’s reduction of individual income rates, increased child tax credit, the increased AMT exemption and phaseout threshold, and the increased standard deduction. The individual income tax code is effectively scheduled to return to what it was before the TCJA, meaning personal exemptions, the overall limitation on itemized deductions, uncapped state and local tax deductions, and many other miscellaneous itemized deductions will return."

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