Tax Reform? - Can you say bankrupt?
We couldn't afford to live in our house without the mortgage and state tax deductions.
If mortgage deductions and state tax deductions are eliminated, we will loose 3/4 of our net worth.
No one will buy our house, even at the price we paid 12 years ago.
This tax plan is insane. You can't make such dramatic changes when a whole economy is based around current rules.
How about taxing capital gains on stock trades as ordinary income? Which it is. (And I trade every day.)
Nervous,
Skippy the dog
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