“My tax bill will see an increase of approx. 50% with this proposed plan.
What good is the standard deduction increase if the personal deductions are erased?”
What are you talking about? What makes you think your taxes would go UP under Trump’s plan?
Elimination of the “SALT” deduction would jump my federal income taxes about $2300.00. Would have to see what else is in the plan, as I would probably remain in the 25% bracket.
You don’t know everyone’s tax specifics and I’m not going to post any further information with regard to this except to repeat that my tax bill WILL go up, and by a LOT.