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by deadmetheny 3123 days ago
Most people will. What most people are getting mad about is that a lot of the personal deductions will expire in the future, and that the ultra-wealthy are getting a tax discount as well as the average person.
2 comments

It looks like filing single with even one dependent drastically increases the tax burden in both plans.

Additionally, the House plan raises the tax burden in those making less than 30k.

Adding three dependents to mine raised my tax bill 20%.

Thanks Obama!

Who is this most people? Most people on HN, being white collar professional types might benefit in the short term from this bill, but most people across the country are in that under-$30K category that is going to get screwed. I'd be interested in hearing the personal accounts of grad students about to get taxed on their tuition breaks as well. This bill is bad news all the way around.