I actually don’t have a problem with the new tax plan. Seems to simplify things with most people now using the standard deduction if state and property taxes are no longer allowed. It’s not like you could write it all of anyhow if you are hit by AMT.
No AMT to calculate as well since that is removed.
I didn’t see any details on capital gains rate though.
I do think they should add back in the 39.6 tax bracket for the rich though. They probably have to in order to get the Democrats to support it.
I would guess that most high income folks here would pay less taxes with the new plan due to the 25 percent rate instead of 28 and 33.
