I read your entire post. I had also read as much as I could find about this plan.
My husband and I own a small business, he is the only full time employee. I had calculated (in my head...so NO it’s really not all that complicated) that we would be facing about $10,000 more in taxes.
Your examples validated my thoughts precisely. Thanks for taking the time to present such a detailed analysis...after all, as a member of the targeted useful middle class, I’m working 80/hrs per week already, so I don’t have the time...LOL!
[as a member of the targeted useful middle class, I’m working 80/hrs per week already, so I don’t have the time...LOL!]
Thanks, I hear you! I’m about in the same boat. This one’s for my four-day old granddaughters. They give new meaning to the term, “children and grandchildren”.