Quote:
Originally Posted by sebastian_dangerfield
I’m not in Croesus territory like you, but we’re well up there, and we’re not seeing anything.
But the bill must be helping somebody besides us affluent slackers. Somebody must like it and benefit from it, right?
ETA: I don’t think we’re seeing an increase. So maybe that is something. Avoidance of paying even more is a benefit of sorts.
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You will likely see an increase in taxes if you are a blue state high income wage earner, especially if you have a lot of deductions. You will also likely see an increase regardless of state if you have a modest income or lower income and are in a single parent household or have greater than average deductions (e.g., people with health care issues, large families, etc.).
If you get more income from capital gains or own your own non-services business you will likely benefit a reasonable amount.
If you are a corporation other than a services corp you likely will benefit a lot.
If you are a billionaire, you will likely benefit the most (not some schmuck like Hank whose in the top .1% but real money, the top .001%).
This tax bill was for corporate america and people who are uber-rich. Others pay for it or come out even.