GOP tax plan saves me $6,500
In a recent letter to the editor, a gentleman claimed his taxes will go up by $6,000 if the proposed tax reform bill is passed. Following his advice, I recalculated my return and discovered that with the overall lowered tax brackets, I will save over $6,500 on the House version and over $2,500 on the Senate version.
I am like the majority of taxpayers, a middle-income individual with one single-family home. That is a significant stimulus that will help me and others put more money back into the economy.
Another large benefit is that I can now file the short form. No more saving those messy receipts. From my calculations, I contend that the House tax reform bill does benefit the middle income taxpayer.
It’s hard to believe that not one single Democratic Congress person will break ranks and support this plan. The tax plan is for the overall good and must be passed.
David Hoffman
Sun City Hilton Head
How to submit a letter
Send letters to the editor by email to letters@islandpacket.com or letters@beaufortgazette.com.
Or you may submit a letter online.
Letters to the editor must be 250 words or fewer and include your first and last names, street address and daytime telephone number so we can verify the letter before publication.
You are limited to one letter per 30 days.
Letters may be edited for length, style, grammar, taste and libel. All letters submitted become the property of The Island Packet and The Beaufort Gazette.
Letters will be accepted only if they are typed into the body of an email, not sent as an email attachment.
This story was originally published December 8, 2017 at 6:00 AM with the headline "GOP tax plan saves me $6,500."