To: SkyDancer
So before you were able to deduct the taxes you paid to state and local governments and now you can’t? Is that what this is about? It seems you’d lose some deductions and pay more tax on your income.
Probably not.
I'm from California, and I itemize every year. The increase in personal deductions and increase in child deductions should offset the loss of the state taxes deduction.
11 posted on
09/27/2017 12:23:37 PM PDT by
SoConPubbie
(Mitt and Obama: They're the same poison, just a different potency)
To: SoConPubbie; SkyDancer
Add in the decrease of 4% of the top tax-rate and everyone should see some benefit from this tax plan.
18 posted on
09/27/2017 12:24:43 PM PDT by
SoConPubbie
(Mitt and Obama: They're the same poison, just a different potency)
To: SoConPubbie
“I’m from California, and I itemize every year. The increase in personal deductions and increase in child deductions should offset the loss of the state taxes deduction. “
Not even close.
For a single man with no kids and 6 figure income YOU WILL PAY MORE.
A LOT MORE.
62 posted on
09/27/2017 12:56:26 PM PDT by
Mariner
(War Criminal #18)
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