Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Mariner

A higher standard deduction should make up for most.


12 posted on 10/31/2017 10:58:33 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: 2banana

“A higher standard deduction should make up for most.”

Not really.

While there is a higher standard deduction they are also eliminating the personal exemption.

And severely limiting the 401k exemption.

It will make up the difference FOR A FEW and fewer than 50%.


48 posted on 10/31/2017 11:21:18 AM PDT by Mariner (War Criminal #18)
[ Post Reply | Private Reply | To 12 | View Replies ]

To: 2banana
A higher standard deduction should make up for most.

My problem with that is: A higher standard deduction will mean MANY MORE people will not be able to itemize at all!

That means, a bunch of other deductions that come in handy every now and then will be gone. Things like: being able to offset Gambling winnings with other gambling LOSSES.

107 posted on 10/31/2017 12:30:11 PM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them!it)
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson