Re:A Year After the Middle Class Tax Cut, the Rich Are Winning
by disishhsha on Saturday December 22, 2018 @10:27PM
(#18744214)
The rich usually have some other deductions exceeding the standard deduction, so it doesn’t help them at all.
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Re:A Year After the Middle Class Tax Cut, the Rich Are Winning
by ryanwaggoner on Sunday December 23, 2018 @10:08AM
(#18746450)
Depends on how rich they are, especially now with sharp limits on deductions of taxes and mortgage interest. You can also time it so you bunch your itemized deductions for multiple years into a single year and then take the standard deduction in the other years.