I don't really know if it will save me dollars or not. But I like it for the greater good and the simplification. Self-Employed, with an LLC, and two mortgages.
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The poor pays more income tax than the middle class? @Burning4Buddy
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I recommend that Buddy seek help from The Tax Reduction Institute but with the new Tax Laws that may not be necessary, still, that is where I would go for tax advice.
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If he is a self-employed consultant and does not have consul to recommend that he has already incorporated or formed an LLC, he is not a consultant that I would want to hire. Form an S Corp or LLC is the basic rule for independent self-employed individuals.
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Could be they live in California with a 13.3% state income tax and makes so much money the standard deduction increase is meaningless to them.....
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The people that are going to pay more tax are high income people that were getting subsidized, some of it was very creative
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