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How to know if tax reform helps you

Letter to the Editor

November 29, 2017
Fort Myers Beach Bulletin, Fort Myers Beach Observer

How to know if tax reform helps you

To the Editor:

The Big Slash Corporations drop from a rate of 35 percent to 20 percent. (The big secret, corporations only average about 12 percent anyway due write offs)

The Big Bonus - Wealthy families' get a big drop since there will be no inheritance tax. (anyone with less than a couple million bucks had no inheritance tax anyway)

The Little Crumbs The rest of us who probably vary from about 1 percent to 3 percent depending on our personal situations. But believe it or not, many will actually pay more.

The Disastrous Downside The deficit doesn't go down, it goes up!

The Unfortunate Conclusion - The swamp wins again.

Tom Merrill

Fort Myers Beach



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