So the Trump tax bill passed and now we have a bunch of new experts at taxes... The same people who don't earn much are still getting all their taxes back so it gets old hearing what they think about a system they don't pay on.
GOP tweaked the main issue I had with the bill, which was not allowing the deductions on state/local taxes and interest for real estate. They did cap that at 10k and put a cap on the deduction of interest on mortgages up to 1 million. Now if you live in California, Illinois, New York, etc. and earn/own a bit you are not going to like that cap but in most sane tax states the cap covers a majority of people. In most cases say a 4% drop in upper middle class fed tax actually is a 4% drop. That is the bracket where people who own small businesses are...after Obamacare those businesses need a break.
Most of the other deductions for medical and student loans stayed in place. There's no reason for people to be complaining about this bill at all. All the news can say is top bracket pays 3% less, and babble on about the rich and corporations. News flash people, stock market is all time highs because they have been front running this kind of tax bill going into effect.
