On this day when the architect of the republicunt tax plan packs it in let's see how happy the Quiverfull shits will be about this.
https://www.bustle.com/p/does-the-tax-bi...st-7651167
Congratulations Trumptards....you've been fucked again. And all so corporate pricks can get even richer.
https://www.bustle.com/p/does-the-tax-bi...st-7651167
Quote:Does The Tax Bill Eliminate The Personal Exemption? The Change Will Hit Families Most
Quote:However, larger families will receive a smaller deduction going forward than they have in the past. In 2017, a family of four making less than $314,000 a year got $16,200 in personal exemptions, combined with the $13,000 standard deduction on joint returns. That makes for a total of $29,000 deducted from that family's taxable income. With the elimination of the personal exemption and the increase in the standard deduction, that same family would only get a $24,000 break in 2018. That's a difference of $5,000, and the gap will only widen for families larger than four people.
Congratulations Trumptards....you've been fucked again. And all so corporate pricks can get even richer.