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To: Bonemaker

We belong to the group of retirees (over and under 65) with modest taxable income, and deductions for property taxes, medical expenses/premiums over AGI threhold, charitable contributions, etc. Some might also have some state income taxes, mortgage interest (hopefully for not too long in retirement), etc. That’s a group likely to not see any tax cut.


23 posted on 12/17/2017 5:45:37 PM PST by CatOwner
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To: CatOwner

Why that would be me too.


30 posted on 12/17/2017 6:11:51 PM PST by Bonemaker
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To: CatOwner
We belong to the group of retirees (over and under 65) with modest taxable income, and deductions for property taxes, medical expenses/premiums over AGI threhold, charitable contributions, etc. Some might also have some state income taxes, mortgage interest (hopefully for not too long in retirement), etc. That’s a group likely to not see any tax cut.

What are the chances of the (new) property tax elimination being challenged in the courts as "double taxation"?

84 posted on 12/19/2017 1:33:03 AM PST by Does so (McAuliffe's Charlottesville...and...The Walter Duranty Press"...)
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