Is the elimination of the medical expense deduction still in the Senate bill? It is still in the house version I think:
https://khn.org/news/house-tax-bill-would-scrap-deduction-for-medical-expenses/
Going to be bad for my middle class parents with Dad in skilled nursing at $8K+ /mo.. Why all the playing with deductions? Either eliminate all deductions (including “standard & “personal”) and adjust the tax rate to compensate and result in a tax cut, or leave them “as-is” and adjust the tax rate for a middle-class tax cut. This “picking & choosing middle class winners & losers” is bogus.
Which in the end, probably means my tax debt drops by $2.36 cents. The stinking congress scum gives theirselves thousands of our tax dollars in salary and benefits, retirement, medical, while giving us something like $1.50 last year in a Medicare raise and $2.50 in military retirement pay. Really nice of those scum, who sit on their worthless @$$e$ and live the good life, while those who serve and worked their collective butts off building this Republic, get screwed year after year after year after year after, you get the drift. I can remember the story that my Mom told me many years ago. There was a group of Seniors who were born from like 1918 thru 1925 or something like that, that actually got LESS in Social Security payments than those born before and after those dates. She never got a clear reason they were screwed like that, but her check was actually less than my grandmother’s, my Mom’s Mom got. Go figure how these punks figured this crap out.
I guess this means all those .Com Silicon Valley Billionaires will be moving East to Nevada where there are no State Income Taxes.
With the passage of this Bill, the top Tax Rates for those living in CA will exceed 50%, (39.5% Federal plus 13.3% State).
Funny how the Governor Moonbeam just passed a Gas Tax hike of $.12 a Gallon and also raised the Car Registration Fees anywhere from $25 to $175 on top the already outrageous DMV Fees people are paying.
Taxes on Diesel Fuel even went up about 5% which I’m sure was great news for the Trucking Industry.
These new Taxes and Fees impact Low Income people the most yet I don’t hear the Democrats denouncing them, not one.