Posted on 11/19/2017 1:20:05 PM PST by Mariner
“Gee, what protected class uses that term? “
I’m not a protected class other than disabled vet.
the marriage penalty is real....
“Deduction targeted by GOP used by tax filers in most states”
Note the effect of this Fake Headline by the Fake News:
“Deduction targeted by GOP used by tax filers in MOST states”
I suspect that there is at least one person in EVERY state who uses the SALT deduction (in Texas, we use it for sales tax and property tax). There’s nothing newsworthy in the above.
But what they are implying through their fake headline is the following:
“Deduction targeted by GOP used by MOST tax filers in MOST states”
This is not true, but it was the way that I first read it...in many states, even though SALT is available, most filers DO NOT use it, as they come out better through itemizing. In my case, I alternate years between itemizing and the SD, due to some flexibility that I have when paying taxes.
The elimination on one hand and a doubling on the other is a Giant Shell Game where 0bama ate the pea a long time ago.
They keep touting that $24,000 standard deduction, but they are doing away (supposedly) with the personal deductions which were around $4,000 per person.)
So the difference between the standard deduction now and then is $12000. But if that standard deduction stayed the same, it would only take a family of 5 to even out the two ways of figuring the deduction. A wife, husband and 3 kids, or a wife, husband, a couple kids, and grandma...and you’re getting exactly the same deduction.
I know many larger families who are middle class, probably described as lower middle class, no deduction per person, is going to hit them hard. I haven’t seen anybody raise this issue. I’ve heard people say you get higher child tax credit, but as it is now, if your kid turns 17, if the child tax credit retains the same parameters, then there is no more child credit (and many families with kids in college still claim their children as deductions.)
“Why do want spouses to become slaves and forfeit their rights?”
I want each individual to file their own return.
as soon as the corporate tax rates are announced and passed, you’ll see a plethora of ultra rich CEO’s getting multi million dollar bonuses and once again, the sheeple get the shaft...
You aren't "subsidizing" anyone.
Just try to Ditch Mitch...
“This “breeder” silliness is simply his latest tactic in his jihad.”
Correct.
And the logic is flawless.
“Breeders? Concern troll is very concerned.”
Yep, I guess in the perfect world of some, the government wouldn’t need to encourage people having kids, and people would do it anyway.
Unfortunately that’s not true...and the West is already getting decimated population-wise because of it - so why make it even worse?
I want all Americans to spend 40% of their 8 hr nominal working time performing valuable services for the gov’t.
Now THAT would be fair as no one is yet immortal.
When I was single, there was a tax advantage to being married.
When I got married, they eliminated the marriage ‘bonus.’
I got divorced, and the ‘bonus’ came back. I’m not saying they’re after me, but they’re after me.
Children are an “investment”....
a country that doesn't encourage marriage and children is a sadly diminished one, one that will have to import low educated, low intelligent diseased day workers...
and just how is that working out?
“Single adults are in the majority”
Correct. Single adults are a majority in the country and they subsidize those who are married, and those with children.
“So lets subsidize the most useless group in the USA, single adults.”
Not even fools believe that’s true. Even if singles quit subsidizing the married, that would not be a subsidy to them.
Useless?
Is your priest useless? Your divorced sister?
Asshole.
“If you made enough money to itemize you would know that.”
40 million filers out of 150 million returns filed. And as you note, the deduction you are crazy about affects higher income people - as does all of our tax system.
EITC was created by Ronald Reagan, in return for the elimination of welfare that paid more than a job would.
Someone’s whining.
I’d LOVE to see a flat tax, or replacing the income tax with a sales tax. But it ain’t happening. Ever.
“This is not true, but it was the way that I first read it...in many states, even though SALT is available, most filers DO NOT use it, as they come out better through itemizing. “
The only way to deduct SALT us through itemization.
Absolutely...pretty sad that some people here think the country would be JUST FINE without them. I suspect that people in their 50s and up in 1941 were very, very, happy that our country had a lot of children prior to that event.
My desire to have a family was much stronger than my desire for tax avoidance. Maybe it’s just me, but I kept my head down, lived below my means, and came through ok. If you think ‘every sperm is sacred,’ then the concomitant standard of living doesn’t really matter.
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