The changes in the tax law is a pertinent topic for discussion, because I believe it was a major contributing factor towards the GOP losing the House (that and Vote Fraud).
Even Cohen and Mnuchin admitted that the tax bill was really a Corporate tax cut (35% to 21%). They had to figure out a way to "pay for" that cut.
So what did the GOP do? They went searching through the sofa, looking for loose change. Take the SALT deduction for one. It had been federal tax policy since 1862.
http://www.taxhistory.org/thp/readings.nsf/ArtWeb/663D98E8EB142B3B852581C6005A9982?OpenDocument
It was considered "immoral" to force citizens to pay taxes upon monies that they already paid in taxes.
The Corporate tax cut required a $4 Trillion bill to pay. The GOP shifted that burden to individuals and families. The tax bill picked "winners and losers."
There’s no sense talking to a person who doesn’t understand that Corporate taxes are paid for by individuals and don’t do anything except destroy the competitive ability of our companies and result in loss of jobs.
As far as morality goes, all federal income taxes are immoral. That is why the constitution did not allow them. It is also immoral to tax dividends, capital gains, and death. Yet it happens, and none of it is personally directed at me or you.
Taxes suck. This year it sucks less for me - that’s a big change, because every other tax reform has taken me years to dig out of the hole. So I’ve been there. Not once did I ever get all bent about it. Things suck sometimes, but life goes on.
I am not unsympathetic, but I do think it is a good thing that high tax states and millionaires with dozens of houses have limitations on the federal subsidizing of their taxes.
I didn’t like losing the sales tax deduction, or the credit card interest deduction either. As far as the election, there were many variables there - I don’t know anyone that voted DEM due to tax changes.
Anyone stupid enough to vote for DEMs or stay home and let DEMs win over a fairly understandable tax change is just cutting off their nose to spite their face.
And it’s rather pointless to continue the bitch fit, since it’s pretty obvious that not many feel here feel the same way you do. It really doesn’t matter-the law is now changed, so do what everyone else does-adjust to the new reality.
Just hope that the next tax change isn’t the DEMs raising taxes to pay for medicare for all and the green new deal. Cause that’s gonna hurt a heck of a lot worse.
As I said before, I hope all eventually works out better for you and all of us too.
“The tax bill picked “winners and losers.”
Looks like they got you pegged correctly then. My wife and I got a huge cut. Karma I guess.