RE: Tax cuts passed in Senate
December 3, 2017 at 1:18 pm
(This post was last modified: December 3, 2017 at 1:33 pm by henryp.)
(December 3, 2017 at 12:40 pm)Cthulhu Dreaming Wrote:(December 3, 2017 at 12:33 pm)wallym Wrote: What do you think the NYT was looking at when they came up with their numbers?
Why are you deflecting?
I'm not addressing anything in the NYT report. I'm asserting what's in the Senate bill, and that as a middle-class parent, I am facing a 27% federal tax increase, and furthermore, I'm implying that such is unjust. I'm further implying that the GOP is peddling bullshit when they claim a doubling of the standard deduction is meaningful in a positive way for many families with children.
Even if you believe the report that some percentage are not getting a cut - at least some of those people are getting screwed hard without lube.
?? I was legitimately wondering why you thought the NYT was coming up with 80 cut/10raise, and if you thought they were mistaken, or if you just think you're unlucky to be in a specific group that is getting screwed. Single parent, good wage, high state tax, homeowner seems to be the absolute worst case scenario.
Taxes in general seem pretty brutal on single folks.
For 100k single with standard deduction it works out to 15,660. 1 child tax credit (senate) makes it 13,660.
3500/.27 = 12962 which you're saying you paid last year. That's 700, not 3500 more. (1600 under the senate plan) assuming you made 100k.
90k would mean you're getting almost a 2k tax cut under senate.
You must have some small business thing working against you too?
https://www.marketwatch.com/story/the-ne...2017-10-26
