Drlee wrote:Hindsite actually claimed he posted the Senate tax plan.
There is no real senate tax plan yet. I posted part of the proposed plan that refuted his claim. People like him are incapable of the depth of understanding it takes to do simple math. They are obvious dupes.
The Senate has already passed their tax plan.
I posted the following about the Senate Tax plan on page 7 and the link to the bill.
Here's what's in the Senate tax bill - and how it differs from the House's billMy wife and I fall into the 12% tax bracket.
- 12% (over $9,525 to $38,700; over $19,050 to $77,400 for couples)
The House and Senate bills nearly double the standard deduction. For single filers the Senate bill increases it to $12,000 from $6,350 currently; and it raises it for married couples filing jointly to $24,000 from $12,700.
The Senate plan would maintains the added standard deduction for taxpayers 65 and older. (The House plan would repeal this deduction. That is another $24,000 deduction under the Senate plan for a senior couple for a total deduction of $48,000.
That would drastically reduce the number of people who opt to itemize their deductions, since the only reason to do so is if your individual deductions combined exceed the standard deduction amount.
http://money.cnn.com/2017/12/02/pf/taxe ... /index.htmAnd I also posted a reference on the standard deduction and the extra standard deduction because of age or blindness on page 5.
I may be wrong about the extra 24,000 which I noted in a later post in which I state that it may not be that much. Other than that I am right and you are wrong.