$10,000 limitation on your personal income tax deductions

As opposed to the first five stealth taxes that are directly increasing income tax or Medicare premiums, this one wants to achieve the same thing but indirectly. That $10,000 limitation on the personal income tax deduction manages to accomplish this by eliminating a wide amount of one’s overall tax deductions for those who are affected by it.

This could also translate to reduced itemized deductions of tens of thousands of dollars or more in many other cases since 2018. Along with this change comes doubling the standard deduction and reducing mortgage interest deductions, which drastically reduced the percentage of taxpayers who itemized their deductions from 31% before the enactment of the Tax Cuts and Jobs Act to 14% in 2019.