Reply To: The New Tax Law – 2018 – How it affects frum families

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Joseph
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iac: 1) They’ll save from the lower tax brackets, higher deduction, 529s, and the other provisions lowering other areas of taxes, even if they lose a part of the property tax deduction and 2) they should blame their high-tax state for their high-tax state property tax; the feds aren’t setting their property taxes.

Regarding KJ, they aren’t one of the lowest income per family; not even close. The reason they qualify for Medicaid and are classified as one of the highest poverty rates is because that is based on family size and not just on family income. So even if he’s earning $80,000/year, since he has 11 children he’s counted as in poverty and gets Medicaid despite earning $80k. But his income is above average based on salary/earnings. And since KJ has large family sides k’h, even though they have above average income per family, they have below average per person. And that gets them counted as impovershed.