Board 8 > Am I right that my wife and I would benefit from this new tax plan?

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INCEPTlON
11/04/17 1:22:14 AM
#1:


We make around $75,000 a year and rent our place. No kids and we have always done the standard deduction with no itemization.

I know the plan is going to be terrible for the countrys debt but I would like to know how it will affect me from the get go. From the charts Ive read I believe we will benefit, but I wanted to seek clarification.
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ExThaNemesis
11/04/17 1:25:30 AM
#2:


Yes
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INCEPTlON
11/04/17 1:27:05 AM
#3:


Thank you for the quick response.
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velocycloraptor
11/04/17 1:42:21 AM
#4:


No. The country losing massive tax income from the 1% does not benefit a government worker or anyone who isn't an owner of capital.
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INCEPTlON
11/04/17 6:51:55 AM
#5:


I understand that in the long run. Im talking about immediate recognizable impact.
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