Final summary of the tax bill? ITT
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Poast new message in this thread
Date: December 17th, 2017 1:38 PM Author: Apoplectic range double fault
From what I gather:
Standard deduction doubling from $6000 to $12000
SALT deduction capped at $10,000
Mortgage interest deduction only available for mortgages under $500,000
Is this correct?
(http://www.autoadmit.com/thread.php?thread_id=3832117&forum_id=2#34942066) |
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Date: December 17th, 2017 1:40 PM Author: Lime irradiated piazza
i think the mortgage interest cap got raised to 750k, and applies only to new purchases.
AMT kicks in at 500k for singles and 1m for married, i believe.
childcare tax credit is expanded, doesn't begin to phase out until hhi for a married couple goes over 300k.
(http://www.autoadmit.com/thread.php?thread_id=3832117&forum_id=2#34942080) |
Date: December 17th, 2017 1:39 PM Author: henna potus
rich - great
mid-umc - fucked
poors - ok I guess
trickle down part 6756788698698
won't help economy, inequality gets worse.
(http://www.autoadmit.com/thread.php?thread_id=3832117&forum_id=2#34942077) |
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