Tax bill

[Schneed10]

Originally Posted by CRedskinsRule

the calculator supposedly takes the state into effect, and checking it, states like NY and NJ do show a hit

Likewise it takes into account status and kids.

I'm actually not sure right now where my kids fall due to ages and divorce stuff, so I looked at both, and by the calculator as a single middle income guy with no kids in MD, I should still see some benefit, granted not as much as if I claim Head of Household with kids.

But that's always been the case...

I will say this, I know that where I fall, I am the least likely to see a positive note from this tax bill, I'm neither rich nor poor, nor overly invested, or needing/qualifying for government help. Yet I am still for any reduction overall in taxes, and I would like to see a similar reduction in overall spending. Unfortunately, while I would love to see the sequestration continued, and other programs take similar cuts, Trump is not going to cut military spending, and the democrats are not going to cut social spending so up goes the debt

Agree wholeheartedly with your philosophy. Hopefully the GOP takes an axe to spending in 2018. I'm discouraged by hearing Mnuchin coming out and saying the tax plan will pay for itself because of economic growth. That's an overly optimistic view.

I'd rather them cut the spending and run a surplus for a while. Then bring the spending back up later if the economy affords it (doubt it).