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Jury is still out on this. I have at least $500-700 (what I pay my accountant) of potential savings if I can file a return the size of a postcard myself. That said I live in a high tax state and RI will stand to lose some tax revenue - look for them and other blue states to tax the crap out of their residents with state taxes to make up the loss. But I guess its only fair as from what I read the northeast is heavily subsidized by other states. I think our beef will really be with our state legislators if this tax plan goes into effect. Time to cut state spending.
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