I itemize to the tune of more than double the standard deduction today and still will get a big tax cut after this. And actually there is evidence to substantiate it - the WSJ posted an article two days ago that said over 70% of income earners between $150k and $415k would receive a tax cut while less than 30% would get a tax increase. Those receiving a tax cut were twice as large, on average, as those receiving a tax increase (ie those between $150k and $415k, net collectively had taxes go down $4 for ever $1 it went up, at worst). And that was the *worst* group of anyone at the median level.
“I itemize to the tune of more than double the standard deduction today and still will get a big tax cut after this.”
Via what mechanism will you get a cut? Do you already know you are not among the 30% that will see an increase?
Sadly it may well come down to perceptions, and even people on this thread are using faulty data. But who knows, maybe we’ll get lucky this time.