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0 pointstomtemplate8y ago0 comments

"how the proposed tax cuts mainly benefit the richest Americans"

Did you gather this view from reading the tax reform?

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2 comments · 2 top-level

"If you are single and earn less than $25,000,... you will not owe any income tax."

In 2016, if you were single and made $25,000 your tax was $3290. The standard deduction for singles is $6300. Is there a trick here?

End of the estate tax, end of the AMT, moving the top tax bracket from 39.6% to 25%, to start.

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