As the year 2025 approaches, the expiration of several tax breaks introduced during the Trump era is on the horizon. The Tax Cuts and Jobs Act of 2017 made significant changes to the tax code, but many of the individual tax cuts are set to revert to pre-TCJA levels by the end of 2025. The changes are contingent on the political landscape after the 2024 election, potentially leading to adjustments, revisions, or permanent shifts in tax rates. Key aspects affected include income tax rates, standard deductions, and estate tax exemptions. Taxpayers may face increased personal taxes, need to reconsider deductions, and navigate potential estate tax implications.
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Trump Era Tax Cuts Are Set to Expire — Here’s How Much More You’ll Pay (yahoo.com)
Donovan was born and raised in the deep south of South Central Georgia, roughly two hours from the Georgia-Florida line. His father was a guitar player, farmer, and eventually blue color worker for GM. His mother suffered from Scleroderma starting a few years after he was born, so she became a home maker. Growing up as an only child, Donovan’s interest included music (though he really never learned to play anything) and anything dealing with technology, but specifically computers.
He has spent his entire life involved with computer technology either as a hobby or as a career. In his middle to late teens, he ran a BBS (electronic bulletin board system – the precursor to the modern day Internet). He learned about networking computer systems, building computers, and communication technologies as part of his career.
Later in life, he fulfilled his dream of running his own ISP (Internet Service Provider) when he was hired first as the Network Manager and eventually the General Manager of the Telecommunications Department for the City of Tifton, known as CityNet.
Today he runs his own IT business and has been podcasting in some form or fashion since 2011.
I knew this was coming, but why didn’t he make it all permanent? It’s just another example of how everything Trump does is either for himself or his rich friends. Hopefully clear heads will see that this needs to continue, but we also need to adjustments to make sure billionaires do pay their fair share as well.