If you settle for a band aid, then you’ll get even worse.
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Want to Make Millions and Pay No Taxes? Try Real Estate
Property tycoons get a host of special breaks not available to other investors.
I want to be a billionaire. What to invest?
This developer likes reading books. $100k worth of books?
“The judge ultimately divided almost $100,000 in books, $400,000 in silver, and more than $3.5 million in jewelry ”
“There’s a general rule that you’re not supposed to be able to claim losses for more than you put into a deal,” says Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy, a left-leaning think tank. “Real estate is the exception.”
Obviously not the stuff you have been investing.
Buy $100k worth of books and read them
Use other people’s money. Do bigger deals!
My federal taxes went up by 220 basis points from 2016. (My income in 2018 was a little bit higher the 2016 so that’s the best compare, 2017 was an outlier). So I am one of the section of the population that got negatively impacted by the new tax laws
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The brain dead won’t answer it. 
On the other hand, anybody here is lying. Specially those who admit “it changed a bit”. 
I hope the idiots still defending this bullchit tax scheme are able to respond to this:
“My kids are owing the government back money that the government gave them because their dad died, and my kids have to pay it back,” Theresa Jones, whose husband was killed in a helicopter crash in 2013, told Task & Purpose.
Super-Rich Americans Aren’t Getting Audited as Much, New IRS Data Show
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People making $10 million saw exam rate drop by more than half
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Affluent but less wealthy also less likely to be audited
Blue States Warned of a SALT Apocalypse. It Hasn’t Happened
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California, New York, Illinois income tax revenue rebounds
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Softer housing market in New York City suburbs may be warning
I’m kind or surprised they did this considering 90% of people are taking the standard deduction. For people who itemize, it’ll allow them to get very specific on the withholdings.
Redistribution of wealth, as the socialist comrades on this forum call such things.
The IRS collected $1.97 trillion in gross collections (the amount before refunds) for 2018. That figure stood at roughly $1.87 trillion for 2017. Refunds did increase this year — but not by much. The IRS refunded about $398 billion to taxpayers for 2018. For 2017, it was roughly $386 billion.
And after refunds, the IRS collected about $93 billion more from individual American taxpayers than it did in 2017. Interestingly, that number stands close to the tax break amount that corporations received from the TCJA in 2018. Last year, big businesses paid $91 billion less in taxes than they had in 2017, prior to the new law’s passage.
As Yahoo! finance reporter Kristin Myer pointed out on the news outlet’s show “The First Trade,” it appeared that taxpayers had “filled the gap” left by corporate tax cuts in 2018.
“I would absolutely agree that if you look at the tax bill as written, unambiguously this is a shift away from taxing corporations toward taxing individuals,” Gardner said.