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The US housing market is falling apart, this is because of Biden and the Fed. Company delinquencies are rising. Consumer confidence falling, not because of Trump but Biden has done to the economy. IRS data leak worse than originally thought. Trump is giving birth to a new economic system. The [DS] is doing everything they can to stop Trump, the bugged his desk in his office, Trump caught them again. The [DS] is using corrupt judges to stop him, this is all failing. Trump and Elon are exposing the criminal syndicate, not just the fraud but the criminal aspect. A kickback has been revealed, remember those who take are offered more powerful positions, follow the families. Trump opens the WH to the people.
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Economy
https://twitter.com/KobeissiLetter/status/1894158463049105759
sitting on the market were delisted in December 2024. However, the biggest problem for affordability continues to be historically low levels of supply. The housing market is stagnant.
https://twitter.com/KobeissiLetter/status/1894082757510234244
funds, which account for a larger share of corporate lending. Corporate loan delinquency rates from US banks rose to 1.3% in Q4 2024, the highest since Q1 2017. As higher for longer policy returns, delinquency rates are set to rise even further. US businesses are increasingly falling behind on their debt
Conference Board Consumer Confidence Collapses As Inflation Fears Soar
The Conference Board consumer confidence survey saw a big drop in attitudes with the headline tumbling from 105.3 (revised higher) to 98.3 (below the 102.5 exp) - the lowest since June 2024, hovering at the low end of its range since 2022.
Consumers became pessimistic about future business conditions and less optimistic about future income. Pessimism about future employment prospects worsened and reached a ten-month high.”
Source: zerohedge.com
https://twitter.com/KobeissiLetter/status/1894218914923417964
https://twitter.com/BitcoinMagazine/status/1894150371959845362
https://twitter.com/money_cruncher/status/1894111927481098331
The IRS does adjust many tax provisions for inflation each year— here are some other notable ones that haven’t been updated:
Net Investment Income Tax (NIIT) Thresholds: Introduced in 2013 under the Affordable Care Act, the NIIT applies a 3.8% tax on investment income for individuals earning over $200,000 (or $250,000 for joint filers). These thresholds haven’t budged since they were set. Adjusted for inflation from 2013 to now, $200,000 would be roughly $263,000, and $250,000 would be about $329,000.
Lifetime Learning Credit Phase-Out Limits: This credit, which helps cover education costs, starts phasing out at $80,000 of modified adjusted gross income for single filers and $160,000 for joint filers. Those limits were frozen after 2020 by law and haven’t been adjusted since. If they’d kept pace with inflation from their earlier adjustments (pre-2020), they’d be closer to $100,000 and $200,000 today.
Child Tax Credit Amount: The base $2,000 per child credit, set in 2017 under the Tax Cuts and Jobs Act, isn’t indexed for inflation. Temporary expansions (like the $3,600 boost in 2021) came and went, but the core amount stays flat. From 2017, $2,000 would be about $2,500 now with inflation.
$10,000 SALT Deduction Cap: The state and local tax (SALT) deduction limit, also from the 2017 tax law, caps deductions at $10,000 for individuals or joint filers. No inflation adjustment here either—since 2017,