Thread: GOP TAX PLAN
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Old 11-21-2017, 12:03 PM   #36
Jim in CT
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Join Date: Jul 2008
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Quote:
Originally Posted by zimmy View Post
The problem is that there are dozens of variables. The tax rate for small business drops from 39.6 to 25. Almost 90% of small business pay 25 or less. Enormous tax cuts for the very wealthy, but elimination of deductions for medical expenses, reduction or elimination of deductions for college and grad school. In the end, best case scenario is several hundred dollars on average savings for middle class tax payers, though many see bills increase.
Absolutely agreed, there are many moving pieces that will effect people differently. Many of the pieces offset each other. If it's as bad as you describe, the GOP deserves to get creamed in the next election.
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