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How to know if tax reform helps you

December 1, 2017
Cape Coral Daily Breeze

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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