Quote:
Originally Posted by FlyingScot
If you're rich--high income, plenty of stock holdings and capital gains income--you're way ahead on the Trump tax cuts.
But if you're kind of in the middle economically, but with high property taxes, it was a mixed bag. This, combined with an increase in the national debt that may be $2 trillion(!), is why most folks did not benefit from them.
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Sorry I disagree. Based on the over 250 returns I prepared last year 90% paid a lower tax rate than previous years and mind you most are in New York with a high income and property tax rate.
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