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A Year After the Middle Class Tax Cut, the Rich Are Winning

44 pointsby theslurmmustfloover 6 years ago

4 comments

robertAngstover 6 years ago
&gt;The tax law limits or eliminates dozens of itemized deductions, including for SALT, mortgage interest, home office expenses and fund management fees.<p>Wait, they got rid of mortgage interest?<p>Since the internet told me to see a CPA, I did. And I was not happy at how limited his knowledge base was. I corrected him a few times during our meeting. We had a conversation about Mortgage Interest and this never came up.<p>Isnt the point of the certification to be the expert? I&#x27;m just a math guy that can read.
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kurthrover 6 years ago
Is it really a &quot;middle-class tax cut&quot; when, &quot;one in 20 families face a higher tax burden this year... [but] 7.3 percent of middle-income groups.&quot;<p>That means that the middle class have a 146% chance of having a tax increase relative to the median. Of course you could claim that the upper middle class got more $ cut than the lower middle class or some such thing.
ams6110over 6 years ago
With any tax cut, the rich will benefit the most because they pay most of the taxes.
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HillaryBrissover 6 years ago
&gt; ... the rich are winning<p>sort of like saying &quot;the winners are winning.&quot;<p>the rich are pretty much always winning.
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