Wednesday, December 12, 2018

Taxes, It is Alice in Wonderland Time

I am one of those who continuously do and redo their taxes before hand and making certain that they are not only paid but over paid. It is abject terror of the IRS. I feared the old KGB even less.

But we were told we got a great new tax law. Well perhaps but if you live in New Jersey, New York, Massachusetts, or California, good old Democratic strongholds, the new Republican Tax Law raises your taxes, unless you are in Real Estate! Yep, just did the new version, a whopping 10%+ increase.

Thanks Washington. I am really confused, but can't say we did not see it coming. Once Ryan said he was leaving, one could feel the draft from the tax room waif into the living room.

Merry Christmas and Happy New Year.