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Haven't done a specific calculation, but I live in bay area California, and I know this is the conservative revenge plan carefully tailored to increase my taxes. So of course it will screw me via the limited SALT and mortgage interest deductions.
the senate and house have to take their two different bills and agree on one bill, which they have yet to do. Until we know what is in the final bill sent to the president for signature, how can anyone calculate anything regarding how the tax bill will affect them?
Just getting rid of the desasterous individul mandate makes it worth voting for.
Elimination of the mandate and uncertainty about subsidies caused the premiums in the Individual Plan Market to soar for 2018.
While most insurers are quite profitable, those profits are not coming from the Individual Plan Markets. Insurers have been exiting the Individual Plan markets for more than 25 years.
Medicare Supplimental, Advantage and large Group Plans are the cash cows.
We will be paying approximately 10,000 more. Cannot wait to tell my 6 and 4 year old that our Disney trip we have been saving for the last 2 years will be postponed. Great relief for us middle class Republicans. Thanks.
We will be paying approximately 10,000 more. Cannot wait to tell my 6 and 4 year old that our Disney trip we have been saving for the last 2 years will be postponed. Great relief for us middle class Republicans. Thanks.
Are you upset you’re not paying your fair share?
Just curious. Have you taken a look and tried to tabulate what the changes will mean for you? If you don't mind, what changes will be coming your way?
Yep-I started a thread with calculators with the current law and with Trump's tax plan. Saves me nearly $3,000 a year. It's great to see that we finally have an administration doing something for the middle class. (will be interesting to see how it shakes out with the final bill).
Just getting rid of the desasterous individul mandate makes it worth voting for.
Absolutely agree, even though I currently have insurance through my employer. A HC law that is driving rates up at 20-50% a year, along with penalties for those that can not afford insurance under those conditions is wrong. They really need to change Obamacare to allow people to by the insurance they WANT, not what the government decides they should have. But getting rid of this abomination of a penalty is a start.
Too man deductions and loopholes still remain, this does not appear to have anything to do with simplification. Just removing State and Local tax deductions, tuition interest fell short, I didn't hear of the carries interest will now be treated as salary.
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