First of all corporations get taxed twice once at the corporate level and once at the individual

Author: THEISMANCARR (9287 Posts - Joined: Aug 10, 2007)
Posted at 3:23 pm on Dec 14, 2018

level. What the Tax act aimed to do was to not punish corporations too much and it has also benefited 85% of the country that does not earn big wages. It hurts California, New York, New Jersey and a couple of other high property tax, high income tax states. But it only really hurts the higher earners in those states because of the limitation to 10,000 for taxes paid to state and for property taxes.

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