All Hokie, All the Time. Period.

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vt90

Joined: 12/12/98 Posts: 39320
Likes: 14271


Yep - the only number that matters is the 'total tax owed' line and that


will be less for almost everyone. Some in high tax states that got huge mortgage interest rate breaks in the past may pay more, as will the extremely wealthy who will lose both those deductions and the fact that the highest tax brackets didn't change quite as much. There is tremendous misinformation about this tax deduction being for the 'wealthy'. Corporations ARE getting a huge tax break and that part of the narrative is true and some will think that is a good thing and some will think it is a bad thing depending on your personal economic beliefs. I suppose if you include corporations in 'the wealthy' then you could certainly spin it that way.

(In response to this post by capitals1)

Posted: 02/12/2019 at 1:19PM



+1

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Current Thread:
 
  
CPA: What % of your clients are actually paying more? -- VaAkita 02/12/2019 12:10PM
  Yes 80 percent paid less in taxes -- capitals1 02/12/2019 1:12PM
  You don't sound snarky. -- MP4VT2004 02/13/2019 12:50AM
  I understand your premise -- RTFC 02/13/2019 10:19AM
  That's not how I understood it -- RTFC 02/12/2019 4:26PM
  Sorry, I didn't explain it very well. -- MP4VT2004 02/13/2019 12:57AM
  Media spinning it ** -- DaveVT 02/12/2019 12:36PM

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vm311