fishfingers15
Contributes to username and tagline changes
What’s the synopsis re incomes and tax breaks?
Well,
1) standard exemption doubled for singles and couples,
2) no change to the 401K policy.
This my current bucket (2017) - 25% bracket ($75,900 to $153,100) - $10,452.50 plus 25% of the excess over $75,900.
In the new proposed bucket, I'm still at 25%, with $90,000 limit.
Need to check the child tax credit in detail and also how the deduction of state tax works. It would have hit me harder if I still lived in Jersey, but now I live in Illinois.
But there are plenty of breaks for the rich people.