Trump's proposed $100 Billion tax hike.

He said it will overall lower people's taxes.

But from what I read it will make employer provided health care taxable, eliminate the real estate tax deduction and eliminate deduction for state and local taxes.

Then it will double the standard deduction.

Not sure what the new tax rates will be. Seems to not be enough information at the moment to tell the net effect.

If he is correct, then taking the standard deduction would result in a lower tax rate you get now by itemizing.
Whether that turns out to be true is the question.

Let's block ads! (Why?)

Trump's proposed $100 Billion tax hike.