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

To: Brown Deer
Clever how the Tax Foundation had all of the lower-income taxpayers taking the Standard Deduction, even under current law where the Standard Deduction is just $6500. Once again, the $30,000 taxpayer gets a tax increase if he committed the crime of buying a house or has a serious medical condition. Anyhow, anyone who wishes to change the parameters on some of the Tax Foundation's examples can do so at https://econdata.shinyapps.io/taxcuts/.
Single, no children, 30000 income, 2600 deferred, 10000 itemized

         Names       Taxes Released     After_Tax
1 Current 2018 3806.250000     4331 26193.7500000
2  Senate 2018 3952.500000     3953 26047.5000000
3       Change  146.250000     -379  -146.2500000
4     % Change    3.842365       -9    -0.5583393

95 posted on 12/01/2017 1:22:00 PM PST by remember
[ Post Reply | Private Reply | To 93 | View Replies ]


To: remember
Some of the most frequently-repeated attacks from the Left against the plan are either entirely unsupported by evidence, rest on out-of-context data points that seem to have been deliberately cherry-picked in order to mislead people.
96 posted on 12/01/2017 3:49:46 PM PST by Brown Deer (America First!)
[ Post Reply | Private Reply | To 95 | 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