Trump or Harris? This social media influencer says a Harris administration would save middle-class Americans on taxes

In a viral TikTok video, social media influencer Zak Kimball (@zak.kimball) dives into the debate over Donald Trump and Kamala Harris’ proposed tax plans, breaking down the numbers for the average American family. Kimball aims to move beyond political talking points and base the comparison on real data. Using Census Bureau statistics, he analyzes which tax policy would most benefit a typical middle-class family.

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Kimball’s approach: Using data to inform debate

Kimball begins his analysis by defining the average American family as earning $75,000 a year and having two children between the ages of 5 and 17. He carefully constructs a scenario that does not favor Trump or Harris, despite the latter’s favorable child tax credit structure.

According to Kimball, the former president’s plan focuses on making the 2017 tax cuts permanent. Under Trump’s policy, a family with an income of $75,000 with two children would receive a standard deduction of $27,700 and receive $2,000 per child in tax credits. Kimball calculates an effective tax rate of 2.23 percent, leaving the family with a tax bill of $1,676.

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Instead, Harris’ plan, which would allow Trump’s tax cuts to expire in 2025, relies on tax laws from before 2017. While her standard deduction would be lower at $12,700, the $6,000 in tax credits for children ($3,000 per child) would more than offset this. Kimball finds that under Harris’ tax proposal, the family’s effective tax rate would drop to 1.22 percent, resulting in a tax of just $915 — giving the family a $761 benefit.

Tariffs: The hidden cost of Trump’s plan

However, Kimball goes further, considering Trump’s proposed 10 percent tariff on all imports and a 60 percent tariff on goods from China. He cites data from conservative think tanks, including the American Action Forum, which estimate these tariffs would cost households between $1,700 and $4,000 annually. Adding that cost to Trump’s tax bill for the average family brings their total financial burden to $4,736 more than in Harris’ tax plan.

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Beyond Taxes: Health and Property

Kimball also points out that Harris’ plan extends beyond direct taxation. Harris proposes incentives to save on health care costs and initiatives to help middle-class families afford their first homes. Kimball argues that these additional benefits make Harris’ plan even more attractive to average families.

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While Kimball’s analysis favors Harris, it’s important to consider that some voters may prefer Trump’s focus on keeping taxes low across the board, especially for businesses and high-income earners. That approach, Trump supporters argue, could spur economic growth and job creation, benefiting all Americans in the long run. However, critics say Trump’s proposed tariffs could significantly increase costs for middle-class families, counteracting the benefits of his tax cuts.

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Ultimately, Kimball’s data-driven approach suggests that for middle-class families, Harris’s tax plan provides greater financial relief. While fees alone don’t paint the full picture, the edge tilts significantly in Harris’ favor when additional fees and policy considerations are factored in. As Kimball encourages viewers, doing your research and breaking down the numbers is key to understanding their real impact. policies on American households.

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This article Whose tax plan is better: Trump or Harris? This social media influencer says a Harris administration would save middle-class Americans from taxes originally appeared on Benzinga.com

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