Very little information is available on where Kamala Harris stands on any issues outside of abortion. It's a truly bizarre consequence of this weird period. We have a Democrat nominee for President who hasn't conveyed her views on anything. Let's try to cobble together a likely tax platform based on what we have heard her say.
Taxes - Top bracket to 39.6 plus obamcare premium, plus another 4% to cover her medicate for all plan. This would put the top bracket at approximately 47%. She would create a tax credit of $3,000 for "low and middle" income taxpayers. She would eliminate the capital gains bracket by raising it to your ordinary income tax rate. She would increase estate taxes. She would increase corporate taxes from 21-35% She would impose a financial transaction tax on stock trades. She would create a tax credit (undefined) for renters who earn less than 100,000. It is unknown whether or not she would keep the pledge not to raise taxes on earners under $400K. If current tax law is allowed to expire next year as schedule, ~85% of taxpayers will pay more taxes in 2026 than they do today.
Taxes - Top bracket to 39.6 plus obamcare premium, plus another 4% to cover her medicate for all plan. This would put the top bracket at approximately 47%. She would create a tax credit of $3,000 for "low and middle" income taxpayers. She would eliminate the capital gains bracket by raising it to your ordinary income tax rate. She would increase estate taxes. She would increase corporate taxes from 21-35% She would impose a financial transaction tax on stock trades. She would create a tax credit (undefined) for renters who earn less than 100,000. It is unknown whether or not she would keep the pledge not to raise taxes on earners under $400K. If current tax law is allowed to expire next year as schedule, ~85% of taxpayers will pay more taxes in 2026 than they do today.
