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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: locogringo who wrote (1033365)	10/9/2017 6:26:59 PM
From: PKRBKR	Respond to of 1576160

I are trying to find details of Trump's tax plan and how they affect us. Given what little I've heard this will be a yuge hit to the wallet. I've got ~$20k in state write offs and even at the lower rate of 25% there would need to be a huge increase in the standard deduction. That won't matter either as my mortgage interest is over $30k per year. I think I would be in for nearly a $4k fed tax increase. I don't mind punishing blue states but when it hits my pocket book there will be hell to pay.

To: locogringo who wrote (1033365)	10/10/2017 2:48:22 PM
From: Tenchusatsu	1 Recommendation Recommended By locogringo Read Replies (1) \| Respond to of 1576160

Locogringo, Ten, IMO, it's much to early to research the specific details. Understood, but that won't stop the media from generating so much fake news. "OMG Trump stands to gain over ONE BILLION DOLLARS from the tax plan!" That's what the NYTimes said, right there in the headline: Trump Could Save More Than $1 Billion Under His New Tax Plan How did they arrive at that astronomical figure? They assumed that Trump will pay the full estate tax once he dies and bequeaths his wealth to his heirs. But that's absolute bullshit. No one who's that rich will ever pay the full estate tax. They'll always set up trust funds and other shelters from the estate tax. The NYTimes knows this, but they publish this article anyway because they know their audience is too damned stupid to figure this out. They might as well call themselves "Occupy New York Times," because they've become nothing more than left-wing meme generators. Tenchusatsu