First-Time and Bay Area Homebuyers Have Much to Lose From Proposed Tax Changes

From the Pacific Union blog:
Last week, the House Republicans released their much-anticipated tax reform proposal.  The plan proposes to cut the corporate tax rate to 20 percent from 35 percent and reorganize individual tax rates from seven brackets into four.  Taxes are a complicated subject and with any sweeping change such as the proposed reforms, the devil is in the details.  While the proposal promises to save an American family an average of $1,182 per year, some of the proposed changes could be devasting for current and future California homeowners. Read all the details.... http://bit.ly/2ASsZgO