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I found this online calculator: https://www.marketwatch.com/story/the-new-trump-tax-calculator-what-do-you-owe-2017-10-26 https://www.marketwatch.com/story/the-

I found this online calculator: https://www.marketwatch.com/story/the-new-trump-tax-calculator-what-do-you-owe-2017-10-26 https://www.marketwatch.com/story/the-new-trump-tax-calculat... My income is in the range you're asking about, and it says my taxes will fall slightly in the short run, on the assumption that I stop itemizing deductions. I live in Silicon Valley. Despite that, I am opposed to the bill. I think it's astounding that after all the discussions the world has been having about inequality over the last few years, the Republicans enact a tax plan that is designed to enrich the .1% even more, and balloon the deficit in the process. They are trying to take this country back to 1890.

chmaynard 9y ago
It's pretty clear that the long-range goal of Republicans in Congress is to reduce or eliminate the New Deal entitlement programs. Greatly increasing the federal deficit is simply a means to this end. This was exactly Ronald Reagan's strategy. Nothing has changed in 35 years.
mancerayder 9y ago
Yes, I agree. But these people are smart; they must know that the U.S. will look more like Brazil than Norway in the next decades. How can they sleep at night? Part of my thinks there's a cynical dystopic nervousness in the back of their minds: get in, get profit fast, and get out. This very sentiment I see in startup world in tech, personally observing the effect of VC money and board pressure on startups in my last two gigs. There's just something short-term-minded about investors and politicians these days. The days of FDR-minded folks seems long-gone.