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I was just going to respond to the $24K. For renters, this higher deduction is a home run, since they don't deduct any mortgage interest, even if they live in a Blue State.
Exemptions that's going to be the real difference.
2 kids 2017 standard deduction + exemptions = $28,900
2 kids 2018 standard deduction (no exemps) = $24,000
And each additional dependent +$4,050 in 2017
Ouch!
I wonder, is the tax plan a way to make Americans dumber?
Who's going to get it the worst? T
Did you have any dependents, before or now?
I can only say that news and opinion articles stating otherwise are purely propaganda
I can only say that news and opinion articles stating otherwise are purely propaganda
Orange Man
Keep seeing and hearing about this Orange Man Bad - is this some new rapper or a new K-Pop group?
Don't y'all just miss the good old days when we had Barry and Hillary to pummel on a daily basis ? Wasn't that a swell time ?
God forbid the "base" lives to see a woman as president, especially a minority woman.
Bad enough the collective psyche is still bruised from having to deal with a black man in the oval office for 8 years - put a woman in there and it will be like a lemming migration to jump off the cliffs.
It would also be nice to have comments about the substance of the article
Working on a new thread about taxes that should not focus on the Dotard
CovfefeButDeadly saysI can only say that news and opinion articles stating otherwise are purely propaganda
Does this also apply to Jim Hoft and Alex Jones etc. ?
CovfefeButDeadly saysI can only say that news and opinion articles stating otherwise are purely propaganda
Does this also apply to Jim Hoft and Alex Jones etc. ?
d6rB saysOrange Man
'
Keep seeing and hearing about this Orange Man Bad - is this some new rapper or a new K-Pop group?
Don't y'all just miss the good old days when we had Barry and Hillary to pummel on a daily basis ? Wasn't that a swell time ?
God forbid the "base" lives to see a woman as president, especially a minority woman.
Bad enough the collective psych...
You left this graph out from that market watch article
CovfefeButDeadly saysI can only say that news and opinion articles stating otherwise are purely propaganda
Does this also apply to Jim Hoft and Alex Jones etc. ?
You keep bringing up Alex Jones. The guy is a kook.
Anyway it’s a false equivalency as you are the one that keeps posting propaganda.
MrMagic saysWhy are you being dishonest and leaving out other deductions for 2018 for kids?
If I'd have brought it up then maybe I wouldn't have drawn you into the conversation.
Yet how honest are you being without admitting that the child tax credit existed before? so really it's only a $1,000 difference not $2,000 like you were leading us to believe.
ORANGE MAN MUSSOLINI is far more accurate
@d6rB - The latest comment is not what I was talking about earlier - I still have a lot of reading to do to see if the material I would like to use is as neutral as possible, if so I will do another thread on the tax package and it's effects.
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What’s the reason for this financial switcheroo? It stems from President Trump’s tax reform, which was passed in 2017 and was touted by Trump and the GOP as a win for the middle class. However, with the new tax system now in place, Americans are discovering that most of the tax relief from the bill is actually being experienced by corporations.
Meanwhile, many people are seeing an increase in taxes due to the bill eliminating many of the deductions that were used by middle-class families in order to lower the amount of taxes they were required to pay. Most notably, the tax reform placed a cap on deductions for taxes on both state and local levels.
Unsurprisingly, people have not been happy to discover that what they expected to be a decrease in taxes paid is actually an increase. Those who had been supporters of Trump are especially infuriated, as many were under the assumption that he would provide financial relief for middle-class families, something that he consistently promised during his Presidential campaign. Many have even taken their anger online, with #GOPTaxSCAMStories trending on Twitter as more and more members of the middle-class express their feelings of betrayal towards Trump and Republicans
More - comments a must read: https://www.yahoo.com/lifestyle/middle-class-dad-freak-trump-211032057.html
#Tax #TaxBrackets #TaxCutsandJobsAct2017