The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31217
Likes: 52847


It does not raise taxes on people making less than $75K.


Like TK, I'm not sure why you keep repeating that. It's horribly rushed, but repeating incorrect facts over and over doesn't eventually make them right.

Here are two links which shows the impact for families making $25K & $75K and singles making $25K & $75K.

http://www.businessinsider.com/trump-tax-plan-family-take-home-pay-changes-2017-11

http://www.businessinsider.com/trump-tax-plan-take-home-pay-2017-9

Could there be some strange corner cases where someone making less than $75K pays more in taxes... sure, our tax code is complex. But the doubling of the standard deduction helps MOST people with income under $75K, the elimination of the personal exemptions hurts, but that is offset by the increase in the child tax credit and family tax credit, and the 15% rate is reduced to 12% for the majority of income under $75K.

I don't like this tax plan either, but please stop repeating incorrect information

(In response to this post by WahooMatt05)

Posted: 11/28/2017 at 5:48PM



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Current Thread:
 
  
The horribly rushed tax plan heads to the floor. -- WahooMatt05 11/28/2017 4:42PM
  While letting children suffer. -- DanTheFan 11/28/2017 7:13PM
  Yea dems want no suffering of children -- TomKazanski 11/29/2017 10:29AM
  I'm sure poor people will be distraught to learn -- BocaHoo91 11/28/2017 6:15PM
  Yep only way that can happen is for govt to step in -- TomKazanski 11/28/2017 5:51PM
  My taxes will go up just like the Ocare premiums -- PalmyraHoo 11/28/2017 5:01PM

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