Anyone else getting fucked by the new tax plan?
My mortgage deduction cut
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Gotta pay your fair share. Why should tax payers subsidize your jumbo mortgage on a piece of shit mcmansion?
Unless yuou have a 3 million dollar house and no income, you'll be better off.
Why did you get mortgage you dumbfuck?
My wife and I are doctors.
I think it's $750,000, but basically this.
OP, you're probably taking the standard deduction. In that case you'll be saving money. Otherwise you're already loaded as fuck and you'll be fine.
I am gonna get fucked hard. After this year I was intending to go to graduate school but there's no way I could properly afford to getting paid less than 20k/yr but being taxed like I was well off and making over 70k/yr.
>that means you have to take out a $1,000,000+ mortgage
Looks like someone got themselves an ARM loan.
>Start up a "Mary Kay" or "31 Bags" sales venture.
>Write off your largest room as an office.
You're welcome.
$750k for new mortgages. $1,000,000 for existing.