Big Beautiful Bill: Implications for Pain...

[Ducttape]

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Taking another look at the tax bill: i dont think i really like it. it appears as though i wont benefit from the increased SALT limit. charitable deductions are essentially gone. i can no loner deduct tax preparation fees and financial planning fees, and there is this Pease limitation.

this bill really hits high income W-2 wage earners.

it keeps my tax bracket where it is, but the small portion of the tax that would have put my in a higher bracket is offset by the badness above.

not pleased. the uber rich get off scott-free. the semi-rich like us dont really get much help and in some cases may be worse off.

ducttape should be happy with it.

every post i have made suggesting taxing should be more fair is targeted specifically at the ultra rich, not the middle class that thinks they are ultra rich.

club, you are not anywhere close to the ultra rich group. you will never be in this group, barring winning the lottery or inheriting billions from a long lost relative.

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no i am not happy with it.

i wont benefit from the tax changes like i did not benefit from the previous trump tax law. those making less than $1 million wont benefit.

i might have been happy paying more of my fair share of taxes if i had seen that the bill helped those who are worse off than i am, but it does the exact opposite.

this bill is not and was never for us, only the ultra rich.