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To: Paladin2

Double the std deduction and recalculate.


33 posted on 09/27/2017 11:53:38 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: Jim Robinson

Nope. Smoke and mirrors. Complications to the max.

The std ded change is dust thrown into the eyes. Less equal treatment.


41 posted on 09/27/2017 11:57:27 AM PDT by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: Jim Robinson
Double the std deduction and recalculate.

That is misleading. Yes, it doubles the standard deduction but it also eliminates the personal deduction. So a married couple could see their standard deduction increase from $12000 to $24000 but they also lose $8100 in personal deductions. They lose the ability to deduction state and local income taxes and property taxes so their taxable income is sure to rise. Taxes on that income start at 12% instead of 10%, and depending on when the 25% rate kicks in they will almost certainly pay more in taxes.

70 posted on 09/27/2017 12:19:49 PM PDT by DoodleDawg
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