WEBVTT 1 00:00:21.239 --> 00:00:24.039 This is this is exactly why black people became lie states. 2 00:00:24.640 --> 00:00:26.920 Oh why can't they do him like they did? 3 00:00:26.960 --> 00:00:32.560 And okay, wow, nigga, this is exactly why we can't 4 00:00:32.560 --> 00:00:33.759 have the MAGA Savings plan. 5 00:00:34.320 --> 00:00:37.880 Uh like, I just want to see that man burn 6 00:00:37.960 --> 00:00:39.560 alive sole bad bro. 7 00:00:40.640 --> 00:00:45.119 And the MAGA Savings Plan there uh stylish is on 8 00:00:45.200 --> 00:00:47.359 page seventy nine, Parts. 9 00:00:48.960 --> 00:00:50.880 Four sorry, Part nine. 10 00:00:50.960 --> 00:00:54.719 MAGA Accounts General Rule. A MAG account shall be exempt 11 00:00:54.759 --> 00:01:00.320 from taxation under this subtitle nonewithstanding the preceding sentence. Such 12 00:01:00.320 --> 00:01:03.600 an amount so be subject to taxes imposed by Section 13 00:01:03.719 --> 00:01:06.719 five eleven MAG Accounts. 14 00:01:07.439 --> 00:01:09.319 Is it tax deferred or is this like a straight 15 00:01:09.359 --> 00:01:10.439 up no taxes all on? 16 00:01:10.519 --> 00:01:16.000 It doesn't say deferred, just says exempt from taxation exemption. 17 00:01:16.200 --> 00:01:18.599 It's a full exemption status. 18 00:01:19.120 --> 00:01:23.959 Yeah, but it's only for people who have kids between. 19 00:01:25.239 --> 00:01:28.159 Zero eight. I think no, no, you need to have 20 00:01:28.280 --> 00:01:34.040 kids between December twenty fourth of twenty twenty four and 21 00:01:35.000 --> 00:01:40.239 January like sixteenth of like December or sorry, January like 22 00:01:40.319 --> 00:01:43.120 sixteenth of twenty twenty nine. 23 00:01:44.359 --> 00:01:46.560 I guess I the open up the actual document coments number, 24 00:01:46.760 --> 00:01:47.879 just read the summaries of shit. 25 00:01:48.040 --> 00:01:50.040 Let me see. Yeah, that's why I was opened up 26 00:01:50.040 --> 00:01:52.319 the document and started reading it because I knew this 27 00:01:52.359 --> 00:01:53.120 shit was not gonna go. 28 00:01:53.359 --> 00:01:56.760 Away, trying to find something look at the summary to 29 00:01:56.799 --> 00:01:59.400 find something interesting, so I couldn't go to a source. 30 00:02:00.439 --> 00:02:02.959 I mean, there's the only thing I see this slightly 31 00:02:02.959 --> 00:02:07.760 interesting is is but a They were not able to 32 00:02:09.000 --> 00:02:13.800 do that whole you know, getting rid of Social Security seniors, 33 00:02:14.000 --> 00:02:16.319 which yeah, Champagne. 34 00:02:15.759 --> 00:02:18.919 Promise he did not deliver. So welcome, ladies and gentlemen. 35 00:02:18.919 --> 00:02:21.439 It's another episode of Everyday Black Man Niversity podcast. You 36 00:02:21.560 --> 00:02:25.479 got your boy writer Stylish the writer white House Sugar, 37 00:02:25.479 --> 00:02:27.439 were gonna get it. Not gonna go through the full intro, 38 00:02:27.560 --> 00:02:31.080 but visit our website www dot Everyday black Men dot com, Patreon, 39 00:02:31.199 --> 00:02:33.520 eb MP. But we had to talk to you all 40 00:02:33.520 --> 00:02:35.800 about this Trump tax plan because I've been seeing a 41 00:02:35.840 --> 00:02:37.879 lot of niggas talking about this shit. And by niggas, 42 00:02:37.960 --> 00:02:41.159 I mean white folks. So the whites are talking about it. 43 00:02:41.240 --> 00:02:43.520 So as a black person, you should be at least 44 00:02:43.520 --> 00:02:45.199 listening to some niggas give you. 45 00:02:45.199 --> 00:02:45.919 Opinions on it. 46 00:02:46.080 --> 00:02:50.159 Again, this is not stuff for you to go and 47 00:02:50.240 --> 00:02:50.879 try to. 48 00:02:50.840 --> 00:02:51.639 Change your life. 49 00:02:51.800 --> 00:02:55.680 We are not accountants or we are not your accountants. 50 00:02:56.039 --> 00:02:59.520 We are not giving you financial advice. We are not fiduciaries. 51 00:02:59.840 --> 00:03:02.039 We were just regular niggas telling you what we think 52 00:03:02.080 --> 00:03:04.680 about this Trump tax plan. And all I gotta say 53 00:03:04.800 --> 00:03:07.599 is them social Security taxing for grandma didn't make it. 54 00:03:08.000 --> 00:03:12.039 How mad are you right now? White collar trash? Hey, 55 00:03:13.759 --> 00:03:16.360 I'm just saying, the white collar trash people, they they 56 00:03:16.400 --> 00:03:18.400 thought for sure they was gonna get something up on this. 57 00:03:20.000 --> 00:03:22.800 I thought, no. 58 00:03:24.439 --> 00:03:26.840 Tax plan because I can't read that. 59 00:03:27.639 --> 00:03:29.439 No, No, you don't need to read them any pages 60 00:03:29.520 --> 00:03:31.960 if you just google it. People say, but the biggest 61 00:03:31.960 --> 00:03:35.000 thing here for the tax plane is the socieurity cuts 62 00:03:35.039 --> 00:03:38.560 for Grandma didn't make it. Trump is trying to figure 63 00:03:38.560 --> 00:03:41.400 out a way to make you have more kids. He's 64 00:03:41.400 --> 00:03:44.240 gonna slide you one thousand dollars Black Libertarian, because that's 65 00:03:44.240 --> 00:03:46.840 gonna be enough to make you decide, well, you know what, 66 00:03:46.919 --> 00:03:50.759 I guess I'm gonna have kids now. And also hsas 67 00:03:50.800 --> 00:03:55.000 will now include regular people plans, not just catastrophic ones. 68 00:03:55.240 --> 00:03:58.000 So no longer, Black Libertarian, do you need to take 69 00:03:58.400 --> 00:04:01.879 the high deductible healthcare plan. You could just take the 70 00:04:01.960 --> 00:04:04.840 regular bronze plans and you can still use the HSA 71 00:04:04.919 --> 00:04:07.800 which is a huge improvement for the average person. Also, 72 00:04:07.879 --> 00:04:12.000 if you own property in like the Northeast, you can 73 00:04:12.000 --> 00:04:14.879 play salt deduction tax up to thirty thousands, which is 74 00:04:14.960 --> 00:04:17.040 gonna set up one of the biggest fights of all 75 00:04:17.160 --> 00:04:20.399 history because the Red state Republicans are now pissed to 76 00:04:20.399 --> 00:04:22.759 the Blue state Republicans. And I am here for it, 77 00:04:22.800 --> 00:04:24.279 my brothers, I am here for it. 78 00:04:24.319 --> 00:04:24.959 I enjoyed this. 79 00:04:25.040 --> 00:04:27.480 Oh, I can't wait for them to I can't wait 80 00:04:27.560 --> 00:04:29.800 for the wilfare whites to start suffering. That's not gonna 81 00:04:29.800 --> 00:04:34.319 be the function right there from welfare whites. 82 00:04:36.399 --> 00:04:39.279 Well, ain't like. 83 00:04:41.560 --> 00:04:46.519 Demand, you know, demand for you know, equal treatment or 84 00:04:46.519 --> 00:04:51.879 something like that. You can still do that equal treatment 85 00:04:51.959 --> 00:04:52.560 under the law. 86 00:04:53.800 --> 00:04:58.439 Yeah, there's definitely a lot of stuffy to definitely incur more. 87 00:04:59.519 --> 00:05:04.720 Just like okay, they'll help, like you know, like you know, 88 00:05:05.839 --> 00:05:09.519 me and my wife to So, uh, that's great. 89 00:05:09.560 --> 00:05:13.639 I guess you know who's who's gonna what? Who's gonna what? 90 00:05:14.000 --> 00:05:18.360 Stylish I said me, my wife are probably gonna have 91 00:05:18.399 --> 00:05:18.720 a kid. 92 00:05:18.800 --> 00:05:22.519 So, oh, my god mother, the fucker he is revealing 93 00:05:22.600 --> 00:05:26.000 to the world we got you had another time, Kevin said, 94 00:05:26.040 --> 00:05:29.000 just kidding, you had another time? This podcast has created 95 00:05:29.079 --> 00:05:32.439 black life. Never say that talking ship with your niggas 96 00:05:32.439 --> 00:05:37.720 cannot make the world better. The world, kid, you don't 97 00:05:37.759 --> 00:05:41.879 hide your kid from the world. Yes, don't try to 98 00:05:41.879 --> 00:05:44.120 pull a drake. You're not trying to hide your kids 99 00:05:44.120 --> 00:05:47.800 from the world. We're not gonna do that. But definitely 100 00:05:47.879 --> 00:05:49.000 they're definitely not gonna. 101 00:05:52.720 --> 00:05:54.839 Having a kid is an extra thousand dollars. 102 00:05:55.319 --> 00:05:57.519 All you get for having a kid is thousand dollars. 103 00:05:57.519 --> 00:05:58.639 He think that's gonna do something. 104 00:05:59.360 --> 00:06:03.160 I mean, you get you get a bigger trout task cdit. 105 00:06:03.879 --> 00:06:06.079 But again, this is like small. 106 00:06:06.079 --> 00:06:06.680 It's small. 107 00:06:07.279 --> 00:06:07.759 It's great. 108 00:06:07.800 --> 00:06:09.399 I guess you're gonna already have a kid. 109 00:06:13.079 --> 00:06:16.600 I mean exactly, yeah, yeah, I know. 110 00:06:16.680 --> 00:06:18.519 But that's the that's the thing about it is because 111 00:06:18.519 --> 00:06:21.079 people are acting like this is like a big, super 112 00:06:21.160 --> 00:06:22.879 huge deal, and it's like, nigga, he didn't give you 113 00:06:22.879 --> 00:06:24.079 all ship like most of it. 114 00:06:24.199 --> 00:06:28.680 What is what is this permanent extension of the twenty 115 00:06:28.720 --> 00:06:31.480 seventeen tax cuts? Like what is permanent? There's no timeline 116 00:06:31.600 --> 00:06:35.959 touched to that. They exactly, Well, the reason no, the 117 00:06:35.959 --> 00:06:38.920 reason I asked, and that's the concern there is they're 118 00:06:38.959 --> 00:06:41.680 they're working to try to codify this, bitch, So what 119 00:06:41.720 --> 00:06:44.600 does permanent mean? Like? I hate that. I hate when 120 00:06:44.600 --> 00:06:47.720 they get big like that, Like, and you idiots out there, 121 00:06:47.759 --> 00:06:49.959 and I'm mainly talking about you idiot white people and 122 00:06:49.959 --> 00:06:52.560 you niggas that don't read. You need to make sure 123 00:06:52.560 --> 00:06:59.519 that ship is spelled out and it out permanent extension. 124 00:07:00.680 --> 00:07:03.600 Look, man, he said meanwhile, is gonna get an extra 125 00:07:03.680 --> 00:07:06.000 four thousand dollars for the next years. 126 00:07:06.160 --> 00:07:10.079 And that think that it is smart to not tax 127 00:07:10.120 --> 00:07:12.680 tips are overtime pay? One, you shouldn't be living off 128 00:07:12.680 --> 00:07:15.279 of tips. You're being underpaid off the back, you dumb fucks. 129 00:07:15.560 --> 00:07:18.399 And then also you shouldn't have to work overtime. That 130 00:07:18.439 --> 00:07:20.839 means that's less time away from your fucking family. Meaning 131 00:07:20.879 --> 00:07:24.199 your original way does not afford you a life soule 132 00:07:24.319 --> 00:07:28.319 that you can live comfortably or even just poor, like 133 00:07:28.439 --> 00:07:34.000 y'all are second family, third family, the strip club? Who man, 134 00:07:34.000 --> 00:07:34.680 who cares? 135 00:07:35.279 --> 00:07:38.319 Why would you think he's not going to tax our overtime? 136 00:07:38.560 --> 00:07:40.879 He's not going to tax our tips. Bitch, you hate 137 00:07:40.879 --> 00:07:43.639 this job because you don't believe enough already. And what 138 00:07:43.720 --> 00:07:45.920 do you need to do to get overtime? Oh you 139 00:07:45.920 --> 00:07:47.199 got to work a holiday to get. 140 00:07:47.079 --> 00:07:48.600 That overtime pay if you ain't on it, like y'all 141 00:07:48.639 --> 00:07:52.759 are some dumb fucking white people and niggas. I don't know. 142 00:07:52.800 --> 00:07:57.279 Brian hate taxes. So you know my stance. Fuck the government. 143 00:07:58.360 --> 00:08:00.759 You don't make a hourly wage, you to know you're not. 144 00:08:00.680 --> 00:08:01.560 A fact I do. 145 00:08:01.800 --> 00:08:03.920 I have two jobs and on my second job, I 146 00:08:03.959 --> 00:08:05.560 do make age sixteen. 147 00:08:05.600 --> 00:08:06.959 Well, you got the second job. 148 00:08:06.959 --> 00:08:08.560 To take care of the family you got over in 149 00:08:08.600 --> 00:08:09.199 the Himalays. 150 00:08:10.160 --> 00:08:10.680 Exactly. 151 00:08:11.160 --> 00:08:14.319 They got family over in Thailand, in Japan and South 152 00:08:14.399 --> 00:08:16.279 Korea trying to do the best. 153 00:08:16.680 --> 00:08:19.240 The Mavericks win the number one overall pick in the draft. 154 00:08:21.319 --> 00:08:29.240 Yeah, I just went across more money, but I don't 155 00:08:29.240 --> 00:08:30.839 get over time because I don't work over. 156 00:08:30.759 --> 00:08:31.600 Forty hours a week. 157 00:08:32.799 --> 00:08:35.960 Yeah, but I'm like I said, this don't as as 158 00:08:36.000 --> 00:08:38.279 Rikers at the beginning of this, it don't apply to 159 00:08:38.399 --> 00:08:42.559 us most black people in middle class and honestly the 160 00:08:42.559 --> 00:08:44.360 poor black people that don't get well. For those of 161 00:08:44.360 --> 00:08:47.720 you that make just above the poverty amount, it don't 162 00:08:47.720 --> 00:08:50.840 apply to you. It don't help you say that much. Also, 163 00:08:52.879 --> 00:08:53.759 but I don't. 164 00:08:53.559 --> 00:08:55.399 Even know why they put in this thing saying that 165 00:08:55.440 --> 00:08:59.799 there's no no tax on car loan interest, like nigga, 166 00:09:00.480 --> 00:09:03.600 most people not buying brand new cars, so why did 167 00:09:03.639 --> 00:09:04.679 you put this in here? 168 00:09:05.080 --> 00:09:11.840 The used cars costs as much as the new cars, right, Like, 169 00:09:11.919 --> 00:09:15.799 what's crazy is when you talk to folks, the people 170 00:09:15.799 --> 00:09:18.639 that got the biggest atteniance actually don't even follow politics 171 00:09:18.679 --> 00:09:19.679 and don't know what's going on. 172 00:09:20.159 --> 00:09:22.679 And I ain't gonna lie. It does frustrate me because 173 00:09:22.720 --> 00:09:24.399 it ain't like you got pay attention to profits, but 174 00:09:24.679 --> 00:09:26.039 you at least need to know what the fuck's going 175 00:09:26.039 --> 00:09:30.120 on in the country you live in. But also if 176 00:09:30.120 --> 00:09:31.720 you don't give a fuck, why did you vote? 177 00:09:32.799 --> 00:09:34.440 Ooh you know what this is? 178 00:09:35.039 --> 00:09:39.240 So so on page forty seven of it, the enhancement 179 00:09:39.279 --> 00:09:43.720 of the employer provided childcrayer credit is going from twenty 180 00:09:43.720 --> 00:09:47.720 five percent up to forty fifty percent. In cases of 181 00:09:47.720 --> 00:09:51.879 a small business, this could be interesting, but you're gonna 182 00:09:51.879 --> 00:09:53.720 have to be at a job that pays you a 183 00:09:53.759 --> 00:09:55.360 lot of money. So if you're not working at a 184 00:09:55.399 --> 00:09:56.440 bank and not getting this shit. 185 00:09:59.120 --> 00:10:01.279 But yeah, this a lot of things. 186 00:10:01.759 --> 00:10:04.519 A lot of these things are like for people who 187 00:10:04.559 --> 00:10:06.519 are probably are pretty I want to say well off of, 188 00:10:06.600 --> 00:10:08.559 but you know you're pretty financially. 189 00:10:08.279 --> 00:10:10.519 Extremely well even yeah. Yeah. 190 00:10:10.720 --> 00:10:13.240 Even the Maggat savings account though, is like you can 191 00:10:13.519 --> 00:10:17.799 you can contribute five five thousand annually again versus like, 192 00:10:20.039 --> 00:10:21.679 I guess it's gonna be on top of it all 193 00:10:21.720 --> 00:10:24.039 your this stuff felt like if you have the you 194 00:10:24.159 --> 00:10:26.879 have the privilege to be able to invest money like that, 195 00:10:27.600 --> 00:10:28.120 which you mean. 196 00:10:28.120 --> 00:10:30.320 A lot of Americans don't. Though again again it will 197 00:10:30.320 --> 00:10:31.000 help you f you out. 198 00:10:30.879 --> 00:10:32.440 Who are already kind of okay. 199 00:10:33.200 --> 00:10:37.159 But as far as like you know the Lord, you know, 200 00:10:37.240 --> 00:10:39.279 lower income people, it's not gonna. 201 00:10:39.080 --> 00:10:39.600 Do much. 202 00:10:41.080 --> 00:10:45.440 To keep I mean, to keep it completely transparent. Most 203 00:10:45.480 --> 00:10:47.399 black people don't even fun to the social media tells 204 00:10:47.440 --> 00:10:47.759 them too. 205 00:10:49.480 --> 00:10:57.879 Yeah, I mean that's that's where you're wrong. Like that's 206 00:10:57.879 --> 00:11:00.600 the part that there's real motherfuckers. 207 00:11:00.679 --> 00:11:04.639 Get a hyperlink on Facebook that says new Worldnews black 208 00:11:04.759 --> 00:11:10.120 dot org and share it. I don't have the full 209 00:11:10.200 --> 00:11:12.559 document door, I have to like Google search clips of 210 00:11:12.600 --> 00:11:15.080 it or trip snippets of it. 211 00:11:15.120 --> 00:11:15.519 I put it. 212 00:11:15.600 --> 00:11:20.120 I put it in the in the text mester threat 213 00:11:20.559 --> 00:11:21.120 to you right now. 214 00:11:21.320 --> 00:11:25.000 I know you did, because you're an no man. Once 215 00:11:25.039 --> 00:11:27.679 I keep getting like a lot of emails because especially 216 00:11:27.679 --> 00:11:29.600 when I'm not even a lot of texts and they say, TikTok, 217 00:11:29.759 --> 00:11:30.440 you're getting. 218 00:11:30.200 --> 00:11:38.519 Deleted, all right. I said it to you. 219 00:11:36.360 --> 00:11:38.440 With a passion, like y'all don't know what TikTok triggers me. 220 00:11:38.480 --> 00:11:40.200 I think it's one of the dumbest fucking things in 221 00:11:40.240 --> 00:11:40.600 the world. 222 00:11:41.480 --> 00:11:42.919 I think you just sound like an old nigga. 223 00:11:43.559 --> 00:11:46.000 No, I don't like it because it's literally the same 224 00:11:46.000 --> 00:11:50.519 thing regurgitated like we have TikTok. It's called Instagram or 225 00:11:50.559 --> 00:11:52.000 Facebook or Snapchat. 226 00:11:55.720 --> 00:12:02.000 I mean gt GBT basically submarizd the A. If you're 227 00:12:02.039 --> 00:12:04.600 not rich, this doesn't mean anything to you. 228 00:12:05.759 --> 00:12:10.759 Basically, Yeah. 229 00:12:11.200 --> 00:12:14.679 I hate the fucking jargon, like the fact that the 230 00:12:15.200 --> 00:12:17.960 specialty of being a legal professional is built off of 231 00:12:18.440 --> 00:12:23.639 writing confusion, confusing rhetoric that prolonged one fucking what one 232 00:12:23.679 --> 00:12:28.240 sentence can say or maybe two. I hate that this. 233 00:12:28.200 --> 00:12:31.840 Is gonna piss off people who own three or four businesses. 234 00:12:32.399 --> 00:12:35.879 He did increase the income tax rate for people earning 235 00:12:35.919 --> 00:12:38.799 over two point five million to be forty percent, up 236 00:12:38.840 --> 00:12:42.559 from thirty seven. And I'll be dead about the pan 237 00:12:42.639 --> 00:12:45.080 of three percent tax you motherfuckers. 238 00:12:45.519 --> 00:12:49.320 Termination of clean the hydrogen production credit. 239 00:12:53.679 --> 00:12:55.360 You you we used to get the floor. Well, you 240 00:12:55.399 --> 00:12:57.039 don't really need the floor out of the order. That's 241 00:12:57.080 --> 00:13:00.120 all because we had aluminum plants. Uh, stay woke. But 242 00:13:00.240 --> 00:13:03.639 at the same time, uh, he is rolling back all 243 00:13:03.759 --> 00:13:08.200 the green initiatives such as the twenty twenty two Inflation 244 00:13:08.320 --> 00:13:12.559 Reduction Act, and you can't get any more credits on 245 00:13:13.080 --> 00:13:15.919 electric cars unless you get you buy a Tesla this year, 246 00:13:16.440 --> 00:13:19.120 So he's trying to make people either jump or something. 247 00:13:19.320 --> 00:13:19.639 I don't know. 248 00:13:19.639 --> 00:13:21.679 I feel like Eli must be gonna sell tests after this, 249 00:13:21.720 --> 00:13:23.919 because it's probably gonna be his best year in sales 250 00:13:24.200 --> 00:13:26.200 ever in the second or in the third quarter. 251 00:13:27.799 --> 00:13:33.039 Yeah, I mean, I hope they find him did no 252 00:13:33.200 --> 00:13:33.879 taxes plan. 253 00:13:36.559 --> 00:13:38.919 I mean, I think it's interesting for him to even 254 00:13:39.159 --> 00:13:42.679 have something that says no taxes on overtime. 255 00:13:46.639 --> 00:13:47.600 It's the red Harriet. 256 00:13:49.600 --> 00:13:50.960 Oh yeah, it's on two fifty. 257 00:13:51.559 --> 00:13:54.639 They're they're dangling that that over them like it's actually 258 00:13:54.960 --> 00:13:57.519 something that is a it's a good thing. America is 259 00:13:57.559 --> 00:14:00.000 the only country that taxes because every other country out 260 00:14:00.080 --> 00:14:03.320 laws that ship because it is a form of uh 261 00:14:03.759 --> 00:14:09.559 what's the word employment? Unethical employment to have people fucking 262 00:14:10.600 --> 00:14:14.720 beg and and and scour for a dollar fifty an 263 00:14:14.720 --> 00:14:17.639 hour unless they get you know, and then the customers 264 00:14:18.039 --> 00:14:20.120 for the fact that we have to pay the establishment 265 00:14:20.840 --> 00:14:23.320 for the service of food, and that person's wage is 266 00:14:23.360 --> 00:14:24.360 based off of what we do. 267 00:14:24.440 --> 00:14:25.039 Like it. 268 00:14:25.240 --> 00:14:30.080 It's just, I know, education ain't the top thing in America, 269 00:14:30.120 --> 00:14:34.639 but in common sense ain't common But motherfucker, it's right 270 00:14:34.679 --> 00:14:35.360 there in front. 271 00:14:35.200 --> 00:14:39.720 Of you that I don't know why you trying to 272 00:14:40.039 --> 00:14:41.879 expect that people are going to be living with this. 273 00:14:42.039 --> 00:14:44.200 All right, I'm gonna say this in the most offensive 274 00:14:44.240 --> 00:14:46.480 way possible to them. Y'all see the neighborhood. Y'all go 275 00:14:46.480 --> 00:14:53.519 home too. You see the car that you drive or 276 00:14:53.559 --> 00:14:54.000 you don't. 277 00:14:54.879 --> 00:14:57.879 He is proposing to do a with the carried interestuphole 278 00:14:58.279 --> 00:15:01.879 that will hit a lot of businesses. So you're probably 279 00:15:01.879 --> 00:15:05.159 gonna get fired because that one line. 280 00:15:05.240 --> 00:15:08.720 H what what is it? He's getting rid of the 281 00:15:08.720 --> 00:15:11.440 carried interest loop bowl? A lot of small businesses us that. 282 00:15:15.480 --> 00:15:19.919 So we have a Republican here that raised taxes on 283 00:15:20.240 --> 00:15:23.000 small business basically. 284 00:15:23.639 --> 00:15:26.159 Oh yeah, they're definitely attacking the small businesses. That that 285 00:15:26.279 --> 00:15:30.159 was something that he actually spoke on in the most 286 00:15:30.440 --> 00:15:33.919 misinformed way in an interview where he was like, it's 287 00:15:34.000 --> 00:15:36.039 what he's saying. I love small businesses. I love him. 288 00:15:36.960 --> 00:15:40.080 I love They're gonna do great. That means somebody's gonna 289 00:15:40.080 --> 00:15:41.399 buy them the fuck out. 290 00:15:42.039 --> 00:15:44.600 I mean, every other attempt to close this has been 291 00:15:44.639 --> 00:15:46.840 met with huge oppositions. So this may not go into 292 00:15:46.840 --> 00:15:50.559 the final bill, but it's interesting that he even proposed it, 293 00:15:50.639 --> 00:15:53.600 like Nigga, you didn't have to do this, and he 294 00:15:53.679 --> 00:15:56.039 made a whole bunch of people mad for no reason. 295 00:15:56.879 --> 00:16:02.320 The thing that I mean, also, the the point of 296 00:16:02.480 --> 00:16:07.000 having representation from different backgrounds is to prevent the fact 297 00:16:07.000 --> 00:16:09.679 that this is an eminent past, Like I don't know 298 00:16:09.720 --> 00:16:12.360 how many Republicans are gonna turn on this, but we 299 00:16:12.399 --> 00:16:14.279 also don't know how many Democrats are gonna vote for it, 300 00:16:15.639 --> 00:16:18.360 Like you know, there's some red fucking Democrats and there's like. 301 00:16:18.320 --> 00:16:21.240 Some fucking fucking Democrats. 302 00:16:21.279 --> 00:16:24.200 They're scared Democrats looking at you. We're not going asso off, 303 00:16:24.279 --> 00:16:26.159 you pussy ass niggas. 304 00:16:26.440 --> 00:16:30.879 All right, So I had TAT TBT summarize it all, 305 00:16:33.559 --> 00:16:37.320 like what permanent extensional tax rate individual income tax rates 306 00:16:37.320 --> 00:16:41.960 and brackets from twenty seventeen TCJA made permanent beyond twenty 307 00:16:42.000 --> 00:16:44.200 twenty five. Like again, that's the first thing that it 308 00:16:44.240 --> 00:16:47.720 pointed out, and that's the shit that bothers me standard 309 00:16:47.759 --> 00:16:50.919 deduction increased standard deductions made permanent after twenty twenty five. 310 00:16:51.519 --> 00:16:53.360 I keep telling you, nigga, we just need to open 311 00:16:53.360 --> 00:16:55.559 a business overseas and then we can benefit from these 312 00:16:55.600 --> 00:16:57.200 individual tax rate changes. 313 00:16:57.240 --> 00:16:58.919 Nigga, I keep telling you we. 314 00:16:58.960 --> 00:17:01.279 Gonna we gonna sk am. I mean, we will sell 315 00:17:01.360 --> 00:17:02.720 a lot of things to people. 316 00:17:03.559 --> 00:17:09.720 Those that don't know. Uh, you're saying, if you should 317 00:17:09.720 --> 00:17:12.079 know what centard deductions are, that's what like that? And 318 00:17:12.200 --> 00:17:14.119 I mean you niggas they go to H and R block, 319 00:17:15.519 --> 00:17:15.960 I don't know. 320 00:17:16.039 --> 00:17:18.000 You leave, you leave H and R block. 321 00:17:18.079 --> 00:17:21.039 Niggas blow all right, somebody gotta do. If everybody had 322 00:17:21.039 --> 00:17:24.200 an accountant, these niggas would pay a lot less than taxes. 323 00:17:24.240 --> 00:17:25.039 You shut up. 324 00:17:26.960 --> 00:17:31.759 Her personal exemptions. The personal exemption deduction deduction is permanently 325 00:17:31.759 --> 00:17:37.680 eliminated from the tax coat. Uh, that's gonna hit some 326 00:17:37.720 --> 00:17:44.920 people that they don't account personal exemption deductions permanently eliminated 327 00:17:44.960 --> 00:17:45.759 from the tax coat. 328 00:17:48.359 --> 00:17:49.880 That's gonna hit a lot of people. 329 00:17:50.920 --> 00:17:53.160 That is it. 330 00:17:56.559 --> 00:18:02.039 Personal exemption deductions. So if you're exempt or you're claiming exempt, 331 00:18:02.119 --> 00:18:06.720 so you can fire your own taxes. Apparently they're penalizing 332 00:18:06.799 --> 00:18:11.119 you by not allowing you to make any deductions. 333 00:18:12.160 --> 00:18:16.039 So if you file exempt like I do and decide 334 00:18:16.039 --> 00:18:18.599 what I'm gonna pay you, I can't make any deductions. 335 00:18:18.920 --> 00:18:21.400 That's what it says. That's the sum up of it. 336 00:18:21.480 --> 00:18:23.680 Yeah yeah, got here. 337 00:18:23.920 --> 00:18:26.359 Yeah yeah, he's he's saying that he wants to eliminate 338 00:18:26.400 --> 00:18:30.640 that specifically going back to twenty eighteen, he said, fuck 339 00:18:30.759 --> 00:18:32.920 all that shit, you need to begin for the last 340 00:18:32.960 --> 00:18:34.640 seven years. Mm. 341 00:18:36.640 --> 00:18:38.759 Yeah, this is out of pocket, man. 342 00:18:40.200 --> 00:18:41.720 I mean you could say it's out of pocket, but 343 00:18:41.759 --> 00:18:42.359 it's still here. 344 00:18:43.599 --> 00:18:45.519 Well, it's not voted for, it's not past. 345 00:18:46.359 --> 00:18:48.559 It's not voted yet. But I mean it's going to 346 00:18:48.680 --> 00:18:50.599 pass the House, and. 347 00:18:50.640 --> 00:18:53.559 It's gonna pass in it because they're gonna do budget reconnilization. 348 00:18:53.880 --> 00:18:56.799 I mean again, remember Democrats when y'all wait, low Maga 349 00:18:56.920 --> 00:18:59.039 said we taking the bar straight to Satan. 350 00:19:00.319 --> 00:19:02.920 I think the Democrats that are afraid are not gonna vote, 351 00:19:02.920 --> 00:19:04.599 but they're also not going to show up, so they're 352 00:19:04.680 --> 00:19:06.640 vote they won't even have to. Like, I think that's 353 00:19:06.640 --> 00:19:07.759 the bullshit that they're on the pool. 354 00:19:07.839 --> 00:19:10.200 It just sounds like they're raising taxes across the board. 355 00:19:11.000 --> 00:19:14.680 Basically, they're raising taxes on every individual Americans. But if 356 00:19:14.680 --> 00:19:16.519 you have the business, you can get around it. So 357 00:19:17.200 --> 00:19:19.920 niggas need to go open your LLCs because, nigga, that's 358 00:19:19.920 --> 00:19:21.200 the only way you're gonna be able to benefit of 359 00:19:21.279 --> 00:19:21.559 this ship. 360 00:19:21.720 --> 00:19:22.079 For you. 361 00:19:22.160 --> 00:19:25.000 For you dumb fucks that that sit there and say 362 00:19:25.039 --> 00:19:27.400 he wants you to have more kids. He only added 363 00:19:27.440 --> 00:19:29.359 five hundred dollars to the child tax credit. 364 00:19:30.640 --> 00:19:34.759 No man, under the account, nigga, it's a thousand dollars. 365 00:19:35.079 --> 00:19:37.599 No, that's the other that's the incentive to have kids 366 00:19:37.599 --> 00:19:38.319 if you have kids. 367 00:19:38.400 --> 00:19:42.839 Now, yeah, if he doesn't care about your kids, Now, nigga, 368 00:19:42.880 --> 00:19:45.480 you said, yeah, I mean more kids. 369 00:19:45.319 --> 00:19:48.119 Don't care about child care. They just care about your 370 00:19:48.200 --> 00:19:50.079 kids if you abort them or not. 371 00:19:50.240 --> 00:19:53.880 And now I don't understand the plan here because. 372 00:19:55.480 --> 00:19:58.160 Their business is just going to back up there. Everybody. 373 00:19:59.160 --> 00:20:02.599 Basically, we're still link from ourselves from like if we 374 00:20:02.720 --> 00:20:05.440 have like six pockets on our jeans, were stealing out 375 00:20:05.440 --> 00:20:08.640 of six of them, the other four are gonna remain fine. 376 00:20:09.119 --> 00:20:12.720 And and do's not forget the ethnic cleansing and immigration thing. 377 00:20:13.039 --> 00:20:16.200 It's says social Security numbers are required for eligibility. 378 00:20:16.240 --> 00:20:20.599 Guys, Oh yeah, contributing for the child. 379 00:20:21.799 --> 00:20:26.160 No, this is but a child child tax, Symber. 380 00:20:26.599 --> 00:20:28.319 You gotta have Social Security numbers for you. 381 00:20:28.519 --> 00:20:29.720 Yeah, yeah. 382 00:20:29.799 --> 00:20:32.000 I mean the only people that this is gonna really 383 00:20:32.000 --> 00:20:34.599 affect is gonna be poor black people Louisiana. But they're 384 00:20:34.599 --> 00:20:36.599 not smart enough to realize it's gonna happen anyway. 385 00:20:36.640 --> 00:20:42.279 And also done, I always said, Louisiana, Louisiana. 386 00:20:42.839 --> 00:20:44.799 Then niggas be on some ship. 387 00:20:46.240 --> 00:20:50.839 And dumb black and white people, especially dumb maggots immigrants. 388 00:20:52.480 --> 00:20:55.440 Throw away West Virginia. We knew West Virginia was not 389 00:20:55.480 --> 00:20:58.839 gonna make it, uh white collar should so we weren't 390 00:20:58.880 --> 00:20:59.480 worrying about that. 391 00:20:59.559 --> 00:21:00.759 But I just Louisiana. 392 00:21:00.759 --> 00:21:05.039 People who live near Louisiana, Alabama, well not Alabama, Mississippi. 393 00:21:05.759 --> 00:21:07.880 Y'all might want to hold your pearls, because you're gonna 394 00:21:07.880 --> 00:21:12.079 have a whole bunch of very interesting Louisiana folks who're 395 00:21:12.079 --> 00:21:14.680 gonna be coming over there talking about some I've always 396 00:21:14.759 --> 00:21:16.240 been in this state illegally. 397 00:21:18.359 --> 00:21:22.759 Qualifying business income deduction made permanent increase from twenty percent 398 00:21:22.799 --> 00:21:26.519 to twenty three percent. Adjusted income thresholds for applying deduction 399 00:21:26.640 --> 00:21:30.599 limits expanded to include dividends from business development companies. 400 00:21:32.359 --> 00:21:34.359 So again, if you got a business, if you got 401 00:21:34.400 --> 00:21:36.319