Can anybody explain truly what the pass-through is that is what affects me the most. I feel like the raising of the brackets makes this all OK because I look at it in where I am text at 39.6% now for 70,000 in income that actually moves way up and 70,000 Would be taxed at 24% so that is a pretty significant reduction if you look at the splits on the brackets however the pass-through is a big concern to me because at first it was 25% and now it seems that you’re allowed to deduct 23% and the rest gets taxed that your normal tax rate so I’m a little confused
Color me confused also. With the removal of so many deductions...does that mean the boomers will kick out their slacker kids who have been mooching off them for the past 20 years?