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this post was submitted on 30 Jul 2024
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Arguably taxes were raised for high tax, high cost of living states. For me, the major change was no longer being able to deduct all the property tax I pay, much less state income tax.
While yes I make a good income, it doesn’t stretch as far where I live. More importantly, my house is an 80+ year old starter home - I’m not crying into my avocado toast from some McMansion in a gated suburb with HOA.
Are you saying that you would have paid less in taxes on the previous tax code? Either way, this probably affected a relatively small percentage of people.
The blanket statement that “Trump raised taxes on the middle class” is false.
Yes I believe I would have paid less taxes before the “tax cut”, but admittedly it’s tough to directly compare
At the very least, the cap on state and local taxes exemptions was unfair to high tax, high cost of living states. This clause predominantly affects “blue” states, and there’s a good chance it affects “most” homeowners in some areas. This is not just the rich.
Trump raised taxes on middle class homeowners living near cities in Blue states