Look at the numbers

By: Old Hickory Trojan



eliminates deductions, eliminates head of household...tell someone who is head of household has a couple of kids to support and a house payment and property taxes...with deductions that exceed the $12k standard deduction that their taxes won't go up....try th numbers at say $50k a year....they get screwed....

Now take the higher earners say in my case $168k a year with over 38k in deductions currently and filinging married with the wife as another deduction....since I already checked ...my taxes go up....

Check with the housing industr and ask them how they feel about the limit on mortgage right offs...the know it will hurt them and have said so...

Look at the analysis of who gets the breaks....it is not a middle class american tax plan since they don't get anything near the breaks they are being told especially if your look at the impact over a few years....it's there..and it sucks...tell lower earners that going from a 10% tax bracket to a 12% tax bracket is going to lower their taxes....its all BS....tell head of households that they make out in the current tax plan.....

 

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