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Posted (edited)

“If the plan mirrored the mortgage interest deduction, car owners would need to itemize their borrowing costs — making it a tax benefit that would mainly help high-income Americans, tax experts said. That's due to Trump's Tax Cuts & Jobs Act, which greatly expanded the standard deduction starting in 2018, which in turn limited write-offs for millions of low- and middle-income Americans. “
 

in effect, a costless and largely useless benefit to his base. 

Edited by Joe Ferguson forever
Posted
3 hours ago, Joe Ferguson forever said:

“If the plan mirrored the mortgage interest deduction, car owners would need to itemize their borrowing costs — making it a tax benefit that would mainly help high-income Americans, tax experts said. That's due to Trump's Tax Cuts & Jobs Act, which greatly expanded the standard deduction starting in 2018, which in turn limited write-offs for millions of low- and middle-income Americans. “
 

in effect, a costless and largely useless benefit to his base. 

I like how they had to admit how Trump's Tax Cuts & Jobs Act helped the lower and middle class income earners.

Posted
7 hours ago, SCBills said:

“Why don’t people just trust the experts?”

 

 

 

Quack, MD!

 

So everyone who is itemizes their deductions is rich?

 

:lol:

 

Why not say those who itemize deductions will benefit under current law?

 

I know why, it's because they're reliable.

 

The problem is with the headline that reliable CBS chose,  as Marxists always do,  to frame it as a class struggle.

 

 

 

 

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Posted

MAHA has never been needed more…

 

Why is everyone in charge of our health, under a leftist government, overweight and mentally ill?

 

 

  • Eyeroll 1
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Posted
9 hours ago, Doc Brown said:

I like how they had to admit how Trump's Tax Cuts & Jobs Act helped the lower and middle class income earners.

who admitted that?  link?

2 hours ago, B-Man said:

 

 

 

CALIFORNIA.

 

 

 

there's another sucker born every minute...

Posted
5 hours ago, BillsFanNC said:

 

Quack, MD!

 

So everyone who is itemizes their deductions is rich?

 

:lol:

 

Why not say those who itemize deductions will benefit under current law?

 

I know why, it's because they're reliable.

 

The problem is with the headline that reliable CBS chose,  as Marxists always do,  to frame it as a class struggle.

 

 

 

 

It is largely a class struggle with the plebs backing trump.  the patricians are not marxists.

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