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

To: GIdget2004

Everybody needs to take deep breadth here.
Looking the current tax brackets and the proposed brackets this an excellent for lower middle and middle income earners especially those with modest item deduction amounts.

Below are the married joint filing AGI levels you need to have under the proposed plan to end up paying the same tax as the current plan.

80,000 AGI becomes 104,200 AGI to pay the same tax
100,000 AGI becomes 124,200 AGI to pay the same tax
150,000 AGI becomes 174,200 AGI to pay the same tax
200,000 AGI becomes 229,860 AGI to pay the same tax
250,000 AGI becomes 280,848 AGI to pay the same tax

So what one could loose in itemized deductions would probably be more than offset by the bump in AGI needed to end up paying the same tax.


343 posted on 11/02/2017 1:33:30 PM PDT by reviled downesdad (Some of the lost will never believe the Truth.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: reviled downesdad

Well, now you’re being way too logical and factual. You’re taking away the ability for many to have a knee-jerk emotional fit.


344 posted on 11/02/2017 1:36:46 PM PDT by CottonBall (Thank you, Julian!)
[ Post Reply | Private Reply | To 343 | View Replies ]

To: reviled downesdad

They dropped the $4050.00 per personal exemption!


345 posted on 11/02/2017 1:36:50 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 343 | View Replies ]

To: reviled downesdad

FLAMING HORSESHIT !


348 posted on 11/02/2017 1:47:09 PM PDT by nopardons
[ Post Reply | Private Reply | To 343 | View Replies ]

To: reviled downesdad

Will you please stop using facts and logic? They have no place here.


374 posted on 11/02/2017 2:45:42 PM PDT by RKBA Democrat (Christianity and politics don't mix.)
[ Post Reply | Private Reply | To 343 | 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