A lot of deception here. There are many people in NJ - who are not hurt because the new

Posted: Feb 12th, 2019 - 6:11 am In Reply to: Taxes --- middle class getting hit the worst - Why was this so difficult to realize

standard deduction is so much higher. People are assuming, and the “news” is reinforcing, that anyone with taxes over $10K is being hurt by the new tax law.

If married couples can deduct $24,000 right off the bat, then they can have property taxes of $12,000, state income taxes of $7,000, and still come out ahead (without itemizing).

Like I said, a lot of deception here.

Probably 80-90% of those over $100k got a tax cut. 10-20% got a tax increase. And there’s some in every state of the union.

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