I don't think my taxes are going to go down under this new plan.

[Ilsa]

It may increase our standard deductions, but we would lose about 10,000 in deductions for other taxes we pay (state and real estate). We would still be in a 25% category.

This reform is bound to be a gift for the con men in the WH.

[Atman]

1. Of course not.

This will only benefit the very wealthy. Why should this year be any different?

[wasupaloopa]

2. The right is only interested in transfering

wealth upward. Any tax plan they propose will never be favorable to us.

[Eyeball_Kid]

6. All GOP voters need is a novel set of code words...

... denigrating the nonwhite, nonwealthy population, and they'll vote GOP. Every time. Racism works.

[Wellstone ruled]

3. Guessing most of us will see

a five hundred to a couple thousand increase in our Tax Bill. Again,the Romney 47% get clobbered.

[exboyfil]

4. We do a standard deduction

and if it doubles, it means an additional nearly $2K in our pockets.

At the cost of my daughters' future.

I hope this abomination dies.

[Cattledog]

5. You'll see a lot of millionaires self incorporating so they will only pay 15%.

[uponit7771]

10. +1, everyone will now self incorporate for the 15% ...Red Don & the Kremlin KKKlan are stupid people

[gordianot]

7. Bye bye small business deductions.

[uponit7771]

11. Every single person who has sense about them will become incorporated to pay 15% flat

[Johonny]

8. check out CNBC, they're all over this. It's worse than you think

http://www.cnbc.com/2017/04/26/as-tax-rates-fall-some-deductions-and-breaks-could-go-away.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104422707&yptr=yahoo

[wishstar]

9. Plan involves counting what employers pay for healthcare premiums as taxable income

Now, the portion that employers pay to subsidize health care premiums so that employees/retirees can afford their health plans has not been taxable at all.

One of the major hits of this horrible plan

[Ilsa]

13. This will do it then.

That will add another $2500, minimum, to our taxes.

How do you incorporate yourself or your family?

[WinkyDink]

12. Sorry, but unless you are rich with no mortgage, this is pretty much NS, Sherlock.

[phylny]

14. All I can think of is my friend's husband who is a staunch

Republican, loves Trump. We visited a few weekends ago and his property taxes in New York are about $20,000 a year.

Good luck with that, TrumpBoy.