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To: gdani

Yep.

Personal exemption eliminated but standard deduction almost doubled. For people that itemized, it may be a net increase in taxes. In fact, that is why places like California hate it. But if you don’t itemize, you will almost certainly come out ahead.


34 posted on 12/21/2017 11:14:25 AM PST by robroys woman (So you're not confused, I'm male.)
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To: robroys woman

The numbers are that only one-third of taxpayers itemize now.

With the new calculations that number will reduce significantly (say to one sixth).

So, the way I see the numbers (short version), 85% of taxpaying Americans are looking at additional cash in their pocket equal to 3% of their gross adjusted income.

In our case that is real money...

In states that Trump carried it is probably more than 90%.


54 posted on 12/21/2017 11:30:12 AM PST by cgbg (Hidden behind the social justice warrior mask is corruption and sexual deviance.)
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