Nathan B. Hannah, attorney
  • Home
  • Links
  • Law Blog
  • Music Blog

AT LEAST SOMEONE IN LEGACY MEDIA HAS ACKNOWLEDGED THAT WAGE WITHHOLDINGS ARE GOING DOWN

1/11/2018

0 Comments

 
When wage withholdings go down, paychecks go up.  You’d think that development would get more attention than it has thus far.   
This article from the AP that appeared on Tucson News Now had me nodding in agreement until the writer referred to the “significant limitations [in the new tax law] on long-cherished deductions, such as the federal deduction for state income, property and sales taxes.”  I don’t think I have ever heard of any federal tax deduction, and certainly not one that probably benefits mostly higher-income taxpayers, as ”long-cherished.”  
The mortgage interest deduction could be called “cherished,” maybe (and they did reduce that one for people with new mortgages of over $750,000), but the deduction for state and local taxes is “cherished?”  Really?
0 Comments



Leave a Reply.

    Author

    The contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation.
    If you want to read more, take a look at my newsletter archive.

    Archives

    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014

    Categories

    All
    Estate And Gift Tax
    Estate Planning
    First Amendment
    Income Tax
    Lawyer
    Real Estate

      To get updates via email:

    Subscribe to Newsletter

    RSS Feed

Proudly powered by Weebly
  • Home
  • Links
  • Law Blog
  • Music Blog