The taxes collected. Im going off my limited knowledge of what I pay I dont know if anyone actually pays 25% that makes under 200k after deductions etc I would guess the average is around 15-20%. This way the government has a more accurate estimate of their income and its already close to what people pay anyway. and if im not correct on the numbers that most people pay about 5-10% less than what their actual income is because of credits and deductions then my plan wont work because the government really would be collecting less money. But in all honest any plan that doesnt increase the governments income will increase gov debt you cant cut income and keep increasing spending which is the current problem the government has. I think most people know this but always want to look to someone else to pay the bill.
I'm not surprised at all. Trump is a republican, what else could be expected from him? Middle class won't perish, no matter what.
Do not be so sure. Anything can be destroyed. What I am in sock, that the regular folks on the right support their taxes going up???
I'm looking at a 20k$ capital gains bill if I sell my house next year it this rubbish passes. Was really hoping they wouldn't go after the primary home sale exemption.
If it benefits the social classes above them, they're for it, if it benefits the lower they're against it.
A total squeeze of middle class? I didn't see any. The brackets are up, standard deductions will double. Nothing to complain about.
Did you read the thread, or are all those issues not true in some way? Pretty willfully blind or just plain idiotic to tag a post onto a thread listing issue after issue with the flippant and completely unsubstantiated comment "Nothing to complain about"!
Have you done the estimate of your tax return under new rules? What is your personal complaint? I would love to hear the same from the OP as well. How exactly will it affect his taxes in a negative way? I know I'll pay less in taxes in the long run.