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Non-Cattle Specific Topics
Every Thing Else Board
Tax Reform
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<blockquote data-quote="Brute 23" data-source="post: 1462525" data-attributes="member: 6291"><p>The biggest problem is people want to know how much money it will put in their pocket and it's not designed to do that. It's simplifying the tax code by getting rid of some deductions but it lowers the percent you pay as a whole. It is definitely designed to help business more than the individual. It is truely a trickle down plan.</p><p></p><p>People complain about how complex the tax code is but when Trump tries to clean it up the still complain.</p><p></p><p>It goes back to most people don't understand taxes so therefore they don't understand the changes.</p><p></p><p>My tax guy says he has tons of people who show up with receipts from their church or what ever, every year wanting to write them off. He tells them every year is does no good. Every year they show up with the receipts again because so an so at the DQ or a person at the church, go figure, told them they could write it off.</p><p></p><p>Same thing with the mortgage insurance deduction. We need to quit rewarding people's debt. Let's give a tax deduction to people with paid off homes.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1462525, member: 6291"] The biggest problem is people want to know how much money it will put in their pocket and it's not designed to do that. It's simplifying the tax code by getting rid of some deductions but it lowers the percent you pay as a whole. It is definitely designed to help business more than the individual. It is truely a trickle down plan. People complain about how complex the tax code is but when Trump tries to clean it up the still complain. It goes back to most people don't understand taxes so therefore they don't understand the changes. My tax guy says he has tons of people who show up with receipts from their church or what ever, every year wanting to write them off. He tells them every year is does no good. Every year they show up with the receipts again because so an so at the DQ or a person at the church, go figure, told them they could write it off. Same thing with the mortgage insurance deduction. We need to quit rewarding people's debt. Let's give a tax deduction to people with paid off homes. [/QUOTE]
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