Home › Forums › Rants › Tax Time Nightmare….Trump’s Tax Reforms Cost me big time › Reply To: Tax Time Nightmare….Trump’s Tax Reforms Cost me big time
@Joseph
You do not owe me an apology
You just seemed to forget that I am not one of those who goes away for Pesach, on cruises or lavish vacations.
Both of our daughters were married at home in our gardens, not in a lavish wedding palace.
Your question would be a fair one if I spent money on lavish things and cut tzedaka, but it is not the case in this situation.
BTW….10K in state taxes (combined sales, property and income), does not mean one is wealthy in the northeast. and seniors such as myself no longer have dependent children to deduct as many 30 and 40 somethings do. No mortgage interest either. AND in our case the new standard deductions have cut way back on medical deductions, even though Mrs. CTL has had ongoing major expenses. The new Trump tax plan benefits mostly the super rich and throws a small bone to the working middle class who live in low tax states.
The point of my OP is not to complain about paying more taxes, but to show the consequences of the new plan on the charitable industry.