[DoodleDawg]

I understand that it also eliminates the personal deduction. This will be a significant tax increase for me. Kind of hard to get onboard for that.

[madison10]

What is a personal deduction? It doubles the standard deduction if that is what you are talking about.

We have been getting hit for the last three years, not sure why. It is painful.

[No Socialist]

Isn’t that the standard deduction?

[maine-iac7]

You post: I understand that it also eliminates the personal deduction. This will be a significant tax increase for me. Kind of hard to get onboard for that."

Excerpt:

"The framework simplifies the tax code and provides tax relief by roughly doubling the standard deduction to:

$24,000 for married taxpayers filing jointly, and $12,000 for single filers."

So, did you not read it -

or am I not understanding - or are you a RHINO? (kinda hard to tell)

[JubJub]

Do you mean the personal exemption?