I’m not so convinced all these tax increases, as annoying as they are, are really devastating.
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I agree. Not devastating to any individuals, except in rare situations. Low income people can get hit with higher taxes. For those making $30K with 3 kids, losing $500 can be devastating. It could also be devastating to
The problem is not so much with itemized deduction changes. Outside sales people and W-2 truckers could get killed. I can think of a few others that will also.
A HUGE windfall for some wealthy and ALL uber-wealthy.
It could be devastating for what it portends, and what it holds for the economy down the line. It’s pretty similar to the tax cut from the late 20’s. Something bad happened after that.
