I decided to take a quick break from studying for next week's engineering finals, and I'm sure glad I did.
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$1.4 Trillion, Now We're Talking
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Originally posted by Pullersboy View PostThat lady is a nut. As if she wasn't a super lib to begin with, over the last few years, she has really just lost her marbles. She can't even put together a coherent thought.
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Not sure this is going to help me either year to year. Outside Sales.....so, there could be a $25,000 difference or more/less that could throw me either way even after deductions. I looked up my deductions from 2016 and they were much more than the proposed $24,000 flat rate. That particular year would not have helped. Is there something else I am missing here or is this pretty well spelled out?
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Originally posted by txjustin View PostIf you don't itemize now you'll have double the standard deduction.
I’ll still be surprised if this is any good in the long run. Seems both sides don’t really have the peoples best interest at heart. I’m sure it will help corporations plenty. The increase in revenue covering the amount of cuts provided seems like a stretch but I guess it’s possible
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Originally posted by mikeyb_23 View PostWhats considered middle class now? How is it going to really help the middle class?
-12,700 (previous standard deduction)
=+11,300
-8100 (no longer personal deduction)
=+3300 (more deduction)
X25% (tax bracket)
=+$825 in your pocket
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