Lol. No. The concept and walking through how it works is right. Once the tax brackets come out we can talk again.
If you take a few dollars from millions of people you can give millions of dollars to a few people. And that's Trump's tax plan. barfo
thanks for the insight fizzle. once its finalized (not holding my breath) im stoked we can all get an honest assessment from someone who knows what they are talking about.
It is a tax cut for those that own their home. Eliminating the personal deduction is sort of a slight hand to the mortgaged home owner. It probably keeps the promise to keep the mortgage deduction but still leveling the playing field by making it less effective. Mortgage rate will need to go up a great deal before the itemizing becomes worth while. Of course, I can't imagine having hundreds of thousands in mortgage either. It is not really fair to all to have unlimited shielding of income for targeted use that not everyone can do. It benefits more people to have lower rates.
There is literally no point in hashing this shit out again to people that want to argue and have zero knowledge of the ins and outs of the code. It would be like me telling a pharmacist taking a certain amount of heroin Is good for me because I read about it once and have seen people on it that looked to be enjoying tbemselves.
