I guess that makes it official.. I will be paying more in taxes according to their tables. I am subsidizing the uber wealthy, as usual and thise people with six kids.
When their six kids have grown, they will just love subsidizing, or will they?
Punished for being truly middle class,,
What table are you looking at?
Yup - you and other families that are losing the Personal Exemption.
"Doubling" the Standard Deduction is not "double" because of that.
The GOPe destroyed or capped almost every measly tax deduction we had (mortgage interest, SALT taxes, medical expenses, student loans, employment tuition benefits, etc.) all so the GOPe donors and corporations could make out like bandits. And someone had to "pay for" their huge tax cut in a revenue neutral budget - you and me. They soaked the middle class.
Those deductions (some like SALT have been in the Tax Code since 1913 to prevent double taxation) are not gone - FOREVER! We will never get them back. Taxes, however, can and will go up at the will of our Federal Masters.
Thanks a ton. MAGA is dead to me.
I’m not too happy either - I lose my extra deduction because of my age so after all is said and done I only realize a $100 increased standard deduction which amounts to a crummy $12 tax savings. This sucks!
So only poor people have more than 2.2 children?
You paying more does not mean you are subsidizing other tax payers. That is a ridiculous concept. We(taxpayers) are all getting screwed some, some now less so then others, but it is all one big screw job.
Tax reform is on track and Democrats/Trolls/Never Trumpsters want to derail it. Don’t believe these myths about the Senates bill:
Those six kids will each have six kids we will subsidize.
And each of those will have six, who will have six, who will have six......
And, within a few generations the USA will be the third world hell hole the Dems have been hoping for.
I don't like much of this bill....we're making a big mistake IMO...we're not thinking big picture...