3 ms·
My tax bill went up, as did many other people I know. I assume a large number of people in high tax states had a higher bill due to SALT changes amongst others.
by notadoc 7y ago
My tax bill went up, as did many other people I know. I assume a large number of people in high tax states had a higher bill due to SALT changes amongst others.
> The perception that they only benefit the 1% is propaganda. It’s also patently false.
The primary benefit went to the ultra wealthy, not surprising given lobbying. You can write off the cost of a private jet, for example.
https://www.economist.com/leaders/2019/03/07/private-jets-receive-ludicrous-tax-breaks-that-hurt-the-environment https://www.economist.com/leaders/2019/03/07/private-jets-re...
https://www.businessinsider.com/private-jet-trump-tax-bill-deduction-for-richest-people-2018-3 https://www.businessinsider.com/private-jet-trump-tax-bill-d...
But what did you save? $500?