View Single Post
Old 10-09-2020, 01:56 PM   #70
joey2665
Senior Member
 
joey2665's Avatar
 
Join Date: Sep 2008
Location: Meredith Bay & LI, NY
Posts: 3,220
Thanks: 1,205
Thanked 1,007 Times in 648 Posts
Default

Quote:
Originally Posted by FlyingScot View Post
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.
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.


Sent from my iPhone using Winnipesaukee Forum mobile app
joey2665 is offline  
The Following 2 Users Say Thank You to joey2665 For This Useful Post: