Funny how when you take away a lot of deductions that people will "choose" for the standard deduction. Reality is they will be forced to take it.
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Honestly, does the GOP think it’s fair to treat everyone’s financial situation the same. Someone with student loan debt is treated exactly like someone who has none. They don’t have the same economic circumstances
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Doubling the standard deduction is like letting you deduct all kinds of other stuff, including student loan interest, all in one line, without any additional computations or any required documents or 1099 forms.
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I get how it works. But if 2 people have the same w2 info & one has student loan interest & the other doesn’t- they do not have the same real income. This plan treats them like they do. The same for everyone is actually not equity
End of conversation
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The reason 92% will file the standard deduction in the future as you have eliminated most other deductions!
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And that 8%, who cares? They're little people, it's OK to step on them.
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why do dems think u get basic deduction . then itemized on top of it . and not one or the other ?
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But small biz, 70% job creator, owners who don't use the standard deduction will pay more taxes so fewer jobs created, Oops
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Pass the tax change! Stand behind your president!
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CBO, the Tax Policy Center and the Tax Foundation find themselves all in agreement- The Senates bill will increase tax on middle America, and hurt the poor Perhaps that is why you have tried to use Forbes to shed some kind of positive light But as you always do, you twisted facts
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And, lets not let your readers think you have done anything but increase taxes for small business-http://www.taxpolicycenter.org/taxvox/senate-tax-bill-would-impose-high-marginal-tax-rates-some-pass-through-owners …
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Odds are 18% who quit itemizing, + the 8% are all getting a tax hike due to deductions taken away. Unless they are among 1%ers who don't have to pay the AMT or an estate tax. So ~25% of folks getting a hike transferring wealth to corporations. All ok cause mostly blue staters
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Forbes does not write the fact as a positive. In fact Forbes beleives the tax bill the end of all economic sanity.https://www.forbes.com/sites/stancollender/2017/11/19/gop-tax-bill-is-the-end-of-all-economic-sanity-in-washington/#5c03ad7e77ef …
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And, will regret it when the standard deduction is changed and they realize you stole from them.
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