@ghasley
A number of taxpayers, after losing deductibility of some state/local taxes, paid more following the recent tax cut. Maybe that’s what the poster was referring to?
Well, that's the state's fault for taxing too much, not Trump's. That's another reason I'd never live in NY or California. But that tax change usually only affects the more affluent because lower incomes or those without debt usually take the standard deduction. And if they don't, the tax rate cut would more than make up for the lose of deductibility for most people. So any way you look at it, unlike what the poster implied, most people paid less under Trump.
Doesn't matter. One way is just pushing us toward financial collapse faster than the other.
@tablejockey
Sounds like a good plan.
As for the market, eh, yeah I got monkey-hammered, but it was not unexpected. Rate hike effects are predictable. Just wait until these hikes obliterate all the false wealth people thought they had in their house. Meanwhile, my Dividend Aristocrats are still generating the same income they were the day before.
