On Thu, 28 Sep 2017 10:42:42 -0400, "Mr. Luddite"
wrote:



What a laugh. For starters, total elimination of the Estate Tax.


As it should ... for everyone.

Meanwhile, the proposed Trump tax plan eliminates virtually all tax
loopholes enjoyed by the "rich" other than mortgage interest and
charitable contributions.


I would not be upset if they revisited the mortgage interest deduction
too, particularly for the "second home" that could be a yacht.
Unfortunately that is another "jobs" program. When they imposed the
short lived "luxury tax", the people most affected were the workers
who built those luxuries.
I do agree the mortgage deduction is just a subsidy for the housing
industry but it is so deeply imbedded in our economy I doubt it is
going anywhere.