I neither agree nor disagree with the tax law, I do believe it benefits the 3% population more. I’m probably considered “middle class – families earning $86,000 to $149,000”, I did not see a significant increase in my take home pay (Money – New Tax Law 2018).
Personally, my itemizations exceeded the standard deduction, which was beneficial to me, but it always has. The article gives varying scenarios and how the new tax law affects individuals and corporations differently.
For instance, a freelancer, whether selling or purchasing a home, saving for retirement or paying for school, which of coursethe tax law has a different impact on each.
The housing market prices growth could slow down; most may not have to itemized but savings expire in 2025 (Money – New Tax Law 2018). According to some the tax cut has stimulated the economy,
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