How Will the New Law Change Your Taxes? | Wallstreet Trapper
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
5 • 1.8K Ratings
🗓️ 13 July 2025
⏱️ 21 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | What's really inside the one big beautiful bill? |
| 0:03.8 | So this is not me being bias or nothing. |
| 0:10.0 | Let's just talk about it. |
| 0:11.3 | Let's go. |
| 0:11.9 | The one big beautiful bill is an 887 page tax and spending |
| 0:17.1 | law that just passed a Congress and was signed into law |
| 0:19.7 | by President Donald Trump |
| 0:20.9 | on July to 4th. |
| 0:23.1 | What it does, it extends the Trump 2017 tax cut, slashes, health, and food program, boosts, |
| 0:31.4 | border, and defense spending, raises the debt ceiling by $5 trillion. Critics call it one of the most controversial laws in recent memory, |
| 0:41.2 | with deep cuts and massive long-term impact. |
| 0:44.6 | Here's how the big beautiful bill will impact your taxes, right? |
| 0:49.4 | Trump 2017 tax cuts are permanent, right? |
| 0:53.0 | So a single-family,, single file of tax bracket, |
| 0:56.4 | 10% from 0 to 11,000. |
| 0:59.9 | If you make 11,000 to 48,000, |
| 1:03.7 | your 12% tax rate. |
| 1:05.8 | From 48,100, 103,000, 22% tax rate. |
| 1:11.6 | 103,000 to 197,000, 24% tax rate. |
| 1:16.6 | 197,000 up to 250,000, you get 32% tax rate. |
| 1:23.6 | 250,000 to 626,000, 35% tax rate, and 37% if you make 626,000 or more. |
| 1:38.3 | Here we go. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Wallstreet Looks Like Us Now Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Wallstreet Looks Like Us Now Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.