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To: nopardons; sparklite2

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sparklite2 is correct, but what they are up to will also eliminate the property tax deduction for the middle class.

This is a bad deal for anyone who holds realestate in their own name, rather than a corporation.
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23 posted on 10/28/2017 3:16:49 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: editor-surveyor
Yes re the property taxes, but there are/were states where you could deduct sales tax, property taxes, and state and city taxes too.

The top 20% now pays something like 95% of all taxes. That STINKS and this outline is going to make things even worse. It also hurts the people whom Trump promised to LOWER TAXES for!

Nothing done to rein in the ObamaCare premium costs ( which keep rising ) and now this.

Thankfully, I don't have to worry about the former, but the latter is going to KILL me and many others, should it wind up in the final Bill.

27 posted on 10/28/2017 3:25:48 PM PDT by nopardons
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