Trump's Tax Bill: Is It 'Just Chatting' or a Real Buff for the Rich?

Big Bucks for the Big Bois

Okay besties so apparently Trump's 'big beautiful bill' is about to drop and tax experts are saying it's basically a mega buff for the already rich. Like imagine getting a surprise gift of free subs... except it's $75,000 in after tax income for millionaires in 2026. That's a LOT of boba guys. I'm not an expert like my boy Disguised Toast but even I can see that's a pretty sweet deal for the 1%. Meanwhile we're all here grinding trying to avoid those pesky DMCA takedowns and hoping our Twitch Prime doesn't expire. FeelsBadMan.

SALT Bae's Blessing (for the Rich)

So SALT or State and Local Tax deductions is getting a bit of a makeover. The cap's going up to $40,000 for those making under $500k (which let's be real is still a lot of dough). The Senate was initially like 'Nah that's too nice for the blue state elites,' but after a bit of drama (probably involving some very strongly worded DMs) they caved. And here's the kicker: there's a loophole that lets even wealthier folks bypass the cap altogether. It's like finding a secret portal in Fortnite but instead of loot it's tax breaks. PogChamp for them I guess?

Small Business Big Gains

If you're an entrepreneur or invest in small businesses this bill might have you saying 'pog.' They're tweaking the rules around qualified small business stock (QSBS) making it easier to avoid capital gains taxes. The threshold to qualify as a "small business" is going up and the exclusion is increasing too. It’s basically like getting a free pass in Monopoly but instead of avoiding jail you're avoiding taxes. Smart but is it fair?

Estate Tax: Forever and Ever?

The estate tax is here to stay baby! And the exemption is getting a boost too. For the ultra wealthy this is like finding a diamond in Minecraft – super valuable and makes planning a whole lot easier. It means they can pass down even more of their fortune without the taxman taking a huge chunk. Guess their kids will be saying "W" for years to come.

Itemized Deductions: Math is Hard

Okay so this part gets a little confusing even for me and I've done some pretty intense math on stream before so believe me. Basically if you're in the top tax bracket and itemize your deductions you're only getting a deduction benefit of 35 cents for every dollar instead of 37 cents. It's like getting a slightly worse discount at the grocery store. It's not the end of the world but still... FeelsBadMan.

Giving Back... Sort Of

There's some good news for the average Joe and Jane: you can now claim a charitable deduction even if you don't itemize. But for the super rich donors not so much. The bill actually decreases the value of their charitable deductions. So it's like getting a pat on the back with one hand and a wallet check with the other. Maybe they should just donate some of that extra tax money to my channel? Just kidding... unless?