by DazedandConfused » Fri Nov 10, 2017 9:52 am
What are your honest thoughts on the tax plan? I have mixed emotions. I like the cut in the corporate tax rates, but I am not exactly excited about the middle class tax cut that they are trying to sell. This plan needs a lot of adjustments and nobody is talking about the loss of the personal exemption. The loss of the medical exemption could be a devastating blow for many older people. 71% of the people do not itemize so they were on the right track raising the standard deduction, and then blew it with the personal exemption. Since I haven't itemized in over 30 years I have no interest in the mortgage or state income tax exemptions.
"The whole reason welfare and foodstamps exist, is so those that are receiving won't be rioting in the street,
and breaking into our houses and killing us to get what they want." UCanIt