Trump's tax plan

[ruby59]

https://www.aol.com/article/finance/2017/02/07/heres-how-much-money-americans-could-save-or-lose-under-tru/21708998/


Would it help or hurt your family?

 

[YadaYadaYada]

We would make out because our tax bracket would go from 25 percent to 10. Also I believe he would still allow for a mortgage interest deduction and we take the standard deduction as well.

 

[elizabethess]

i clicked on the link you provided to find out what financial plan this article was discussing. The article reference goes to a dead link, 404. From context, I am assuming the author is referring to the plan he campaigned on, last fall. Since the author doesn't delve into all the nuances, I can only assess the things they chose to illustrate. According to the article, in those areas, the effect would be fairly neutral (post-tax income changes by less than one percent). However, if I had not married this year, it would have hurt. That makes me concerned for other people in similar situations/tax brackets as I was.

Also, if hypothetically our post-tax income might remain about the same, or maybe we got a break on capital gains, but the federal debt increased as a result? I might argue that hurts my family in the big picture.

But I'm not wasting too much thought on a hypothetical campaign plan ask again if something real is proposed

 

[AnnaH]

I agree that campaign promises are one thing and reality another. Hopefully, taxes, government, and debt will be cut and the economy grown. But, unfortunately, I don't see Trump as a small government guy. I think he will make some positive changes but question whether it will be enough.