About 1,000 "taxpayers" making over $1 million a year failed to even file returns at least once, 2017-2021.

This is what cpa kevin said.  He said the people could not itemize & were harmed by that.  He ignores that there is an option.

What gets swept under the rug is that the virtual elimination of the choice to itemize severely hurt many people. Anyone with casualty, medical, etc. losses obviously got screwed. Anyone who paid mortgage interest got totally screwed.

Another lie by cpa kevin.  The tax rates have not changed.

Dig up a 2019 1040 tax table and compare it to prior years if you don't believe me. AND...the Trumpy shell game decreed that those rates would go up every year through 2025.

Kevin is a bit loose with his financial terms for a CPA.  He once famously said unemployment taxes came out of people's paystubs as well until I called him out on that.  He is really good at backtracking though and saying what he meant was.....xxxxx

You keep bleating that, Jerry, but what I actually said was that employees pay UI because employers pay them less because of taxation. But you clowns can never abandon your childish tactic of "he said..." followed by something he never said 

Example: stupid Tommie-poo lies when he claims that I said people could no longer itemize. What I actually said was that most common itemized deductions had been removed. So it no longer makes sense for most people to itemize. He also claims that tax rates haven't changed since 2018. Hilarious!

But Jerry...why do you want to climb into the shortbus with stupid Tommie-poo??

That is NOT what you said the first time about UI taxes and you know it.  

Here is what cpa kevin said.

What gets swept under the rug is that the virtual elimination of the choice to itemize severely hurt many people. Anyone with casualty, medical, etc. losses obviously got screwed. Anyone who paid mortgage interest got totally screwed.

The above quote shows that he thinks that if your deductions exceed the standrd deduction, you were unable to take those deductions which is wrong.

He also claims that tax rates haven't changed since 2018.

cpa kevin continues the lie but he cannot prove I am wrong 

The 2023 tax year—the return you'll file in 2024—will have the same seven federal income tax brackets as the 2022-2023 season: 10%, 12%, 22%, 24%, 32%, 35% and 37%.

2018 tax reform set the individual income tax rates at 10%, 12%, 22%, 24%, 32%, 35% and 37%

Looks the same to me

Here's what happened. I said that employees pay UI, not the employer. Then you went all Jerry Asshole and yelled and screamed and cried and insulted me and said that there isn't a paycheck deduction YAAH YAAH YAAH belch grunt snort. You were in full Jerry Wants To Start an Argument mode, and you know it. It was during one of those periods when you whacked off by attacking me and my profession(s).

I responded that I hadn't said there was such a deduction. I clarified that I meant that employees pay the UI whether or not by a direct paycheck deduction. I also, if memory serves, apologized for not originally clarifying what I meant. However, you didn't let it go, and apparently still haven't, like a crazy dog with a bone.

I'm sure you won't be able to control yourself and will continue to bring this up as an "example" of KEVIN DOESN'T KNOW BLAH BLAH BLAH BLAH BLAH. Well, I can't do anything about your asinine immaturity. You can insult me and my work and knowledge if you want to continue to be a jerkass. Climb into the shortbus with stupid Tom.

Shame yourself, if it gets you off. Be a jerk, if it titillates you. But I'm not going to play your game any more. My only response to your personal attacks will be "fuck you, Jerry."

If you want to seriously discuss anything without the gratuitous asshole personal jabs, I'm fine with that. But I consider it highly unlikely that you'll be able to control yourself, and I'm sure you'll continue to copy stupid Tommie-poo. You're not nearly as dumb as he is, and you shouldn't act like you are.

Tom can't read! You can still itemize. However, it's now much less likely that you'll want to--not less likely that you'll be able to.

What an ignorant little fuck stupid Tommie-poo is. And he thinks that taxes haven't changed in the last five years. HAHAHAHAHA

Time to block him again. Stupid Tommie-poo.

And he thinks that taxes haven't changed in the last five years.

I showed you the rates & they are unchanged

Anyone with casualty, medical, etc. losses obviously got screwed. Anyone who paid mortgage interest got totally screwed.

Those are your words.  How did they get totally screwed? 

You didn't show the rates. You posted a meaningless link. But feel free to believe what you want.

If you want the answer to your question, read my other posts in this thread. Actually read them this time, and stifle your usual reflexive urge to scurry over to the internet and look for Tom-style "facts." But I'll give you a hint: they got toally screwed because in many cases, the amount of an unreimbursed casualty or theft loss is far greater than the gain in the standard deduction. That gain was about $7,000 in 2018. But what if you suffered a $100,000 casualty loss, or had $100,000 in unreimbursed medical expenses? You would have been able to itemize and claim those losses as a deduction. Now, you can't.

Also, if you paid more than $7,000 in a year in mortgage interest before 2018, it made sense to itemize, so that you could claim that as a deduction. Now, you can't claim that deduction at all. Your standard deduction is now $7,000 larger, but if you paid $14,000 or more in mortgage interest yearly, it still would have made sense to itemize--except, the mortgage interest deduction is gone altogether. So specifically, those whose mortgage interest expense is larger than their current standard deduction are totally screwed by not being able to deduct that expense.

Let's say someone has a mortgage with a current balance of $500,000 at 7% interest. Simplfying the math a bit, their annual interest expense is $35,000. Pre-Trump, they could have opted to itemize and would have enjoyed a $35,000 deduction--however, they would have had to forego the standard deduction, so the net gain would have been $28,000 (reduction in taxable income). Post-Trump, they enjoy a $14,000 standard deduction but have NO mortgage interest deduction. Therefore, they LOSE $21,000. (Gain 7K but lose 28K.)

Totally screwed. And mortgages of that size are quite common in the non-goober states and in cities.

I provide the above information not for Tom, as it will bounce right off his head, but for anyone else who wants to know just how much Trump fucked everybody over.

My husband was an auto mechanic for 40+ years.  Different shops including British car repair (they go where the money (and to him, the atmosphere) is best).  His last years of employment were beneficial in some ways, but the shop owner was a tightwad, husband had to spend out of pocket on many/most of his tools, supplies, you name it.  (And now a body that is "nine miles of tore up road", but I digress).

When out of pocket expenses were deductible (Fed), it was 1) a lot to keep up with for itemizing, hours of cyphering at tax time, but 2) it worked out OK for us at tax time.  When it changed and those things were no longer deductible it made a big difference, though still some help on the STATE tax return.  An advisor told him how he (if the shop owner agreed) could work it...somehow...like husband would work as a contractor, but neither husband not boss were enthusiastic about that option after putting pencil to paper.  In the end we just sucked it up and paid, plus his physical condition eventually took him out of the game anyway.

That's just our story concerning itemizing and out of pocket work expenses suddenly becoming non-deductible, FWIW.  

Candy