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To: conservativejoy
The top tax bracket is 15%. My taxes would go way down.

Are you sure? Remember that in addition to lowering the rate, it eliminates deductions and credits. So that 15% would be applied to your gross income, not to your adjusted income. You wouldn't be able to deduct your mortgage interest, medical expenses, charitable giving, etc. For someone taking the standard deduction, it might lower their taxes. But for anyone that owns a home, probably not.

116 posted on 08/13/2015 10:05:09 AM PDT by CA Conservative (Texan by birth, Californian by circumstance)
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To: CA Conservative

Yes, my taxes would go down about $3,600.


119 posted on 08/13/2015 10:28:51 AM PDT by conservativejoy (We Can Elect Ted Cruz! Pray Hard, Work Hard, Trust God!)
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