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Reply to "Face It: You (Probably) Got a Tax Cut"
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[quote=Anonymous]Law firm partner. Taxes increased, as expected. The tax "cut" was basically a code revision designed to require UMC/90th percentile blue state professionals to subsidize billionaires, real estate developers, corporations, and others who made out like bandits. Effective tax rate went up less than one percent, but it's still a tax increase and still a subsidy to those who don't need it. Loss of AMT more than offset by loss of SALT deduction. [/quote]
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