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Name:
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architect
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How many?
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Date:
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12/20/2017 8:46:42 PM
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The Republicans have been whoopin and hollerin today about this wonderful ''tax cut / reform bill'' (in reality it is neither). They have told us the average Joe will get a big cut with most of that cut coming thanks to the increase in the Standard Deduction from $12,800 to $24,000! Have you heard a single one of these Representatives or Senators mention that the bill also takes away the $4,050 personal exemption for each family member? Are any of you even aware of this change? So, the family of 4 gains $11,200 in deductions while losing $16,200 in deductions. For most folks that will be at least an extra $1000 in tax. I am no math wizard but I can see this ain't a good swap!! This bill is going to be a disaster for millions of average Americans and Republicans are going to curse the day they voted for it.
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