Surprised to see such a big tax decrease (~14%) even though my wife and I live in Manhattan and our state and local taxes are about ~10% effective. The loss of

Surprised to see such a big tax decrease (~14%) even though my wife and I live in Manhattan and our state and local taxes are about ~10% effective. The loss of the state and local deductions is more than made up for by the drop in the marginal rates, apparently. Now, if we had other deductions (e.g., student loan, mortgage interest and tax, medical, etc.), I suspect we'd lose out here. I'm sure this is an unpopular opinion on HN, so let me say I don't believe we deserve such a large tax cut, but I'm glad to see this plan is not incentivizing debt or artificially inflating home prices as much as the current one.