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originally posted by: burdman30ott6
a reply to: xuenchen
As a middle class tax payer, I like it. It saves me money and time, both of which are important to me.
That's what's going to happen here... the feds will be taking in less money under this plan. That's not a bad thing in any way, assuming they cut enough programs and waste to offset their reduced income levels.
originally posted by: RickinVa
I would like to see active duty military E-6 and below to be exempt for federal and state taxes.
It would give them a much needed break since military pay at the lower ranks is ridiculous. Active duty members should not have on rely on food stamps and other social services just to get by.
originally posted by: buster2010
No surprise the tax plan laid out it's to benefit the wealthy and screw the rest of America over. Just like when that other idiot Reagan was in office.
"All individual tax deductions would be eliminated with the exception of deductions related to homeownership and charitable contributions
"Under that scenario, taxpayers would no longer be able to write off expenses now commonly deducted, such as state and local property taxes
originally posted by: FamCore
a reply to: ketsuko
Just because on face value some are saying "they are closing loopholes", doesn't mean they aren't also at the same time (and intentionally) also creating other loopholes or "technical opportunities" for them to urther exploit the tax system.
Trump and the WH can claim whatever they want, until there is an actual bill or law, we won't have any clue about how this tax plan will actually work.