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To: Behind the Blue Wall

I’m getting taxed on money that I never saw.
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That’s one of the reasons for the standard deduction. And it’s equal across the nation.


10 posted on 06/13/2019 9:37:56 AM PDT by House Atreides (Boycott the NFL 100% — PERMANENTLY)
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To: House Atreides

The “standard deduction” was one of worse things that ever happened to charities.

The second worse was taxing their interest earnings on endowments as “unrelated income”,

The turd worse was jacking that tax rate by 30% in the new code.


14 posted on 06/13/2019 9:40:47 AM PDT by lightman (Byzantine Troparia: The "praise choruses" of antiquity.)
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To: House Atreides

Sure, but if the standard deduction is tens of thousands less than what you actually paid in state and local taxes, then it’s not doing it’s job.


69 posted on 06/14/2019 7:25:47 AM PDT by Behind the Blue Wall
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