1) Retrieve your 2016 tax return.
2) Using the methodology described here:
http://www.businessinsider.com/donald-trump-tax-plan-reform-change-take-home-pay-calculator-brackets-2017-11
3) And the brackets presented here:
https://www.fool.com/taxes/2017/11/03/how-could-your-2018-tax-bracket-change-under-the-g.aspx
Recalculate your 2016 taxes using the 2018 proposed law (and keep the political discussions on the other thread
).
I would have saved 6.0% on my Federal taxes applying my 2016 data to the 2018 proposed changes, as they currently stand.
Don't forget that you can still deduct charitable contributions, mortgage interest, and personal property tax up to $10k.
Based on a lower 2017 income, and an expected even lower 2018 income, the savings will dissipate as I will not go as deep into the 35% tax bracket, where I gained ground to make up for the loss of the SALT deduction.
2) Using the methodology described here:
http://www.businessinsider.com/donald-trump-tax-plan-reform-change-take-home-pay-calculator-brackets-2017-11
3) And the brackets presented here:
https://www.fool.com/taxes/2017/11/03/how-could-your-2018-tax-bracket-change-under-the-g.aspx
Recalculate your 2016 taxes using the 2018 proposed law (and keep the political discussions on the other thread

I would have saved 6.0% on my Federal taxes applying my 2016 data to the 2018 proposed changes, as they currently stand.
Don't forget that you can still deduct charitable contributions, mortgage interest, and personal property tax up to $10k.
Based on a lower 2017 income, and an expected even lower 2018 income, the savings will dissipate as I will not go as deep into the 35% tax bracket, where I gained ground to make up for the loss of the SALT deduction.
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