Five Tax Traps to Avoid in Trump’s Second Term as President

Five Tax Traps to Avoid in Trump’s Second Term as President

It’s no surprise that Donald Trump’s second presidency means different things to different people for many reasons. However, polls show “the economy” was top of mind for about 40% of voters during the election. Supporters reportedly believed the now-incoming president would relieve financial strain on everything from gas and grocery prices to taxes.

However, a recent survey reveals that many taxpayers now worry that Trump’s tax plans might negatively impact them as well as benefits like Medicare and Social Security. The same survey shows that while about half of Americans know of Trump’s proposals, only 20% of Democrats and Republicans and 12% of independents claim to understand them fully.

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