Showing posts with label Standard Deduction. Show all posts
Showing posts with label Standard Deduction. Show all posts
Friday, December 15, 2017

Sometimes Ann Coulter is an idiot, for instance when dissing federal encouragement of having children

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You'd think someone who wants America for Americans would want to encourage anything which promotes Americans having more children ins...
Thursday, November 16, 2017

House tax bill passes 227-205, Senate still working on theirs

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From the story here : [T]he bill would limit state and local deductions and the mortgage interest deduction, eliminate the personal ex...
Friday, November 3, 2017

In all seriousness, Republican elimination of personal exemptions is just sleight of hand to raise your taxes

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In 2017, the personal exemption is $4,050. If your little tribe is six, mommy, daddy, and four kids, your personal exemptions add up...

Republican elimination of personal exemptions gives me an idea for truly revolutionary tax reform

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In 1913 when the income tax began there was no such thing as the standard deduction. That didn't come along until 1944. The origin...

Republican tax reform includes a sneaky tax increase on itemizers, removing the personal exemption privilege

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Josh Barro, here : Currently, you get to take the personal exemption even if you also itemize deductions, but you get to take the stan...
Tuesday, September 26, 2017

Told ya: Trump to raise lowest tax bracket from 10% to 12%

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Story here : Top White House and GOP leaders have agreed to raise the lowest individual tax rate from 10 to 12 percent, paired with do...
Thursday, December 19, 2013

Libertarians At Forbes Completely Misrepresent The Mortgage Interest Deduction

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Here : The mortgage interest deduction (MID) is the largest personal tax deduction on the books and is widely considered one of the most sac...
Friday, December 10, 2010

The Religious Origins of the Income Tax's "Standard Deduction"

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The standard deduction was designed to make it easier for people to claim their charitable contributions, without itemizing them. Note how t...