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Re: GOP Tax Plan

Posted by AlM on Sun Dec 17 08:28:12 2017, in response to Re: GOP Tax Plan, posted by Fred G on Sun Dec 17 04:32:02 2017.

Somebody living in Vermont or Nebraska owning a house thatís close to median value wonít really be affected by a $10,000 cap.

This is not an unreasonable example for Vermont or Nebraska. And even if their real estate plus income tax is only 8K, they still lose 4K in itemized deductions.

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