Name one thing in that article I just posted that is not factual or in the proposed tax bill.
I ran the calculator and my taxes would be 25% higher.
No SALT deduction is an insult to the Pennsylvanians who pushed the EV’s over the top one year ago.
Based on that calculator, my taxes will go up.
According to some charts, taxpayers earning $90K-$140K will not have a reduction in tax rates, but will have higher taxable income as a result of eviscerated deductions.
Fake news
Jim Robinson posted a link to a Tax Reform calculator that shows what your tax would be under the proposed plan.
Well Mine went up! I only make 67,000 no kids married filing joint. Retired no mortgage.
Yep - and some who never looked at it claimed that some truths were untrue. I mentioned that up to a certain point, those in the 12% tax bracket were taxed at an 8% rate (as displayed/noted on the calculation page and which applied to me and my wife) and they said I was nuts because there is no 8% bracket...as if people only get taxed at a single specific rate for each bracket......never happened and probably never will.
I’m a little over that threshold and single.
Lost deductions mean my taxes go up several thousand dollars/yr.