wipeout....
no deductions...no way to save on taxes except to quit work...but then you won't be able to afford health care nor property taxes...
the CEO's are laughing similar to Tarp....
I’m middle class and I’ll save $4k in taxes under the plan.
I guess I’m supposed to invest that in the markets for a capital gains tax shelter. But since it’s after tax savings I probably won’t. I’d rather spend it than submit it for another round of taxation.