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Old 02-12-2019, 01:13 PM
hobart hobart is offline
Fire Giant


Join Date: Aug 2018
Posts: 857
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Your own personal taxes, while most important to you, are not really a good indicator.

People who own their own small businesses and have a jumbo loan mortgage see the most fluctuation in annual taxes. It's going to take a couple of years of learning how to balance salary vs. distribution income (ie how much can you push on distributions) for this to balance out before we'll really know.

The numbers put out by the fed indicate a 6%-8% increase. I'm sure that's not all-telling nor is it the only statistic. Its also early.

The problem with these tax cuts isn't about how much you or I save or lose on taxes. The two biggest economic problems most Americans face are the annually increasing costs of healthcare and the annually increasing difficulty in saving for retirement due to wage stagnation relative to the cost of living.