The doubling of the standard deduction saves most people more money = taxbreak. Also, incentives to put person capital investments in control of S&C Corps to maximize savings. If you're paying more under the tax plan, you're a fool.
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Old tax law the 1st deduction was already untaxed - most tax payers claimed themselves so they took 2 deductions correct? So in earnest - they already do this - SALT deduction was after tax paid that's now capped. Some tax payers WILL see a tax increase.
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I can either think your out of touch or dont do your own taxes. SALT deduction is capped at 10k. MEANING you'd have to own more than $500,000 in taxed property value. As I said b4, this incentivizes people to put property into Corps so they can use the new tax structure.
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In addition, your claim of "people take two deductions", I assume you're talking about W4s? Because those are called "allowances" and any smart person knows how to calculate the W4 allowances to their benefit. Those who don't, get large tax Refunds (which is a debateable good)
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Further, standard deduction went from $6,350 to $12,000 for single individuals. They don't have to do complicated taxes bc the avg person WILLNOT exceeds this, even with a lower SALT cap. I'd be happy to discuss all these issues in length if you like---youve been lied to.
End of conversation
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