Originally Posted By: oakachoy
Originally Posted By: bill

Originally Posted By: Canez
Originally Posted By: doekiller
It eliminates the deduction for state and local taxes. That would hurt 40 million people, primarily residents in high-tax states like California and New York. It would add $1.3 trillion to federal revenues.


Yes but it also heavily cuts taxes on corporations and other highly taxed individuals.

Rep. Kevin Brady also confirmed this would add nearly 1.5 trillion to the debt over ten years.


Highly taxed (39.6%) "individuals" will receive nothing in this plan. They will see an increase if they live in a state with income tax.


Bill, my company is an LLC, how will the new plan affect me?


I honestly don't know , yet. I can only comment on the top individual tax rate because I saw it from a source I trust.


" I do view Jim Waltz as a really good Presidential candidate"
Bama_Earl