‘I trusted you!’ Trump voters seethe after realizing they’re getting screwed by the GOP’s tax plan. (healthcare, school)

[InformedConsent]

That's only happening in high tax blue states. Perhaps they shoudn't tax so much.

[burdell]

Originally Posted by InformedConsent

That's only happening in high tax blue states. Perhaps they shoudn't tax so much.

Perhaps Trump shouldn't kiss corporate butt while screwing everyday people.

[uggabugga]

Originally Posted by HeyJude514

There were a lot more than two. I just picked a few to start the thread with.

https://twitter.com/DennisMJordan/st...84259864109057

ok. several twitter users upset. news at 11.

[sware2cod]

Originally Posted by InformedConsent

That's only happening in high tax blue states. Perhaps they shoudn't tax so much.

It's not only in high tax blue states. People with nice homes in Georgia and Texas and Florida are impacted.

[hawaiiancoconut]

Funny! Taxes and wasteful spending could be much much worse if Democrats ran the show. So I don’t know what people are upset about, Lol

[Gantz]

Originally Posted by burdell

Perhaps Trump shouldn't kiss corporate butt while screwing everyday people.

How were everyday people screwed? Everyday people do not itemize in the first place! And they do not own $1.5 million homes that they pay $20k in property tax for.
I call bs. The vast majority of people should see their taxes decrease. If your taxes increased, maybe you should vote to reduce your local state tax.

[trobesmom]

Originally Posted by hawaiiancoconut

Funny! Taxes and wasteful spending could be much much worse if Democrats ran the show. So I don’t know what people are upset about, Lol

Both parties are pretty bad with wasteful spending. Don't know that it would be much much worse under Dems though.

[SeaMaj7]

Fake news

[Dane_in_LA]

Originally Posted by sware2cod

It's not only in high tax blue states. People with nice homes in Georgia and Texas and Florida are impacted.

Good thing he didn't run on tax breaks for the middle class. That would be awkward.

[theoldnorthstate]

Originally Posted by sware2cod

The personal exemption was removed. This means it doesn't make sense for many people to itemize even when they used to itemize. Those that do itemize will no longer have the $4050/per person exemption. This means a couple with 1 child would lose the $12,150 personal exemptions that they previously had. They used to include that $12,150 deduction with their mortgage interest, property tax and state tax when they itemized. Ouch, even for low tax states.

Losing the personal exemption is a major hit for anyone that itemizes, forcing them to choose the standard deduction over itemizing. In other words, many will no longer deduct their mortgage interest or property taxes, regardless what state they live in.

mortgage interest is still deductible. as is state or local taxes.