Replies to post #12323 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[Meximus]

Yeah, from what I gleaned from the press release, I already calculated in a spreadsheet comparing the two plans.

Going to be an assault on the upper middle class (140k and up).

I live in California, so property tax & the state income tax deduction is a bigger writeoff than the proposed standard deduction. Property taxes in some states is way higher than the standard deduction. I also include sales tax, energy efficiencies, etc. and I rack up a sizeable deduction.

This only benefits the millionaires already living in low/no tax states because the state income tax deduction is a huge deduction even for millionaires. Paying both taxes will effectively increase your rate by 3-5%.


This better not pass.

[SgtJBone]

I hope you jumped on what I was talking about when I sent that to you. I've done made a killing.