>I just ran my 2016 taxes using the new brackets:
>Best Case: They keep the personal exemption and the age 65+ bonus on the standard deduction
>Taxes down $4000
>Worst Case: no over 65 bonus and no personal exemption
>Taxes down $800
>
>Capital gains limits, pass through taxes and expensing could make a lot of difference.


Not so good here in NJ

State income taxes are high here, so the loss of that deduction will hurt.
Also, real estate taxes are high here, and the elimination of deductions over $10K will hurt.
The losers will be people with mid-to high salaries who own homes with high taxes.

Ditto with NY.

No one is sweating, though.
The pendulum will swing quickly and the dems will reverse it all.

It's really wild to see dems complaining about budget deficits and repubs saying they're OK