It hurts those in the Dallas/Ft Worth, Austin and Houston suburbs who are making over $100k and have more than two kids.
It’s nearly certain.
High property taxes, high home values. Deductible sales taxes, cars, boats and other excise taxes.
And capped family deductions.
I assure you there are those in Texas that are not “rich” that are paying more this year than last.
Houses are not that expensive here. I make way over $100k and don’t feel a thing.
All the tax brackets are lower than before, so they pay less on everything, if not on just their property tax deduction.