Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DAC21

No, the doubled standard deduction made itemizing useless (so that part was fine); my taxes are under $10,000 and I don’t have a large mortgage or high rate (though many in NJ/NY fit what you describe). By removing the exemptions for dependents, it basically increased my taxable income by $20,000+.

If you look up who was hurt by this tax cut (on any site you prefer), you’ll see that many families with children were.


18 posted on 10/31/2020 5:45:53 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 17 | View Replies ]


To: kearnyirish2

Did you take the child tax credit!?


22 posted on 10/31/2020 6:19:57 AM PDT by Pendergast (I'm new and I don't have one!)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson