What about this big bill?

Now, I'm not going to do a policy thing tonight or today whenever you're watching around a world.

But I'm going to tell you what exactly is going on in Washington affects you the American citizen or the foreign national.

Okay?

Now, here's what the deal is.

You pass a bill, and Trump signs it into law on July 4th.

The bill essentially says, we're keeping tax brackets the same. We've had it from 2017, Trump's first term,

it's now eight years later. We're extending them indefinitely. And then we have other things like

no tax on tips, no tax for a certain amount of Social Security that will revisit in three years. But it's essentially a calm

bill so that business knows what they have to pay, individuals know what they have to pay, and everybody

can calm down. Now, the socialists don't like this at all. And they go, oh, this is a tax cut for the rich.

That's a lot.

There's no tax cut in the bill.

None.

Everybody stays the same.

The top rate of taxation income is 38%. Stayes the same. Socialists want millionaires, whatever, to pay 60, 70%.

So they say if we don't get that, it's a cut. Come on. All right. 40% of American homes do not pay any federal income tax at all none 40%

60% of the workers and achievers handle the rest plus your state, most likely you have a state tax.

California is the highest in the country.

New York, where I am, 10%, just about.

We got a little bit of a break in the big bill, but nothing substantial.

So we're taxed a lot.

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