Quote:
Originally Posted by rsmlp
This response is misleading. The counter point is that marginal tax rates will go DOWN so that your overall tax bill will be lower. The people is really whacks are from high income tax states-certainly NOT NH.
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My post is not misleading, and it is critical to the property tax discussion--over 30% of NH filers claim the property tax deduction.
It is true that some people will see their marginal rates go down as the brackets are reduced, but others will see their marginal rates go up. See link below to find out where you stand.
The details are still being hashed out to reconcile House and Senate plans, but all sides agree that many people, especially those with high salaries and high property taxes, will see their payments to the IRS increase.
http://www.businessinsider.com/tax-b...arison-2017-11