|
|
| Re: Democrats struggle with rising popularity of GOP tax law (1497071) | |||
 |
|||
| Home > OTChat | |||
|
[ Read Responses | Post a New Response | Return to the Index ] |
|
||
|
Re: Democrats struggle with rising popularity of GOP tax law |
|
|
Posted by Dave on Mon Feb 19 11:18:38 2018, in response to Re: Democrats struggle with rising popularity of GOP tax law, posted by AlM on Mon Feb 19 07:37:29 2018. In NY, that's a household of five people, using the link I posted earlier. I'll assume the $150K is gross income and it's a married couple.2017: Exemptions of $4,050 x 5 = $20,250. Deductions of $40,000. AGI = $89,750. Tax is $13,915. 2018: Exemptions = $24,000. Child tax credit = $6,000. SALT deductions = $10,000. Mortgage deduction = $15,000. AGI = $95,000. Tax is $12,779. This family pays less in taxes under the new tax law. |
|
|
|