Message from @tsuke

Discord ID: 363176579066494976

2017-09-29 04:09:24 UTC  

most of what the media is saying is false and ive written about it too but one thing concerns me. The media says that there is now a personal exemption you can take now in addition to the standardized deduction

2017-09-29 04:09:29 UTC  

Basically it means bunch of folks will be able just to take standard deduction with no need to itemise

2017-09-29 04:09:30 UTC  

and that is going away too

2017-09-29 04:09:49 UTC  

if this is true then doubling the standardized deduction means almost nothing

2017-09-29 04:10:25 UTC  

if it is not true then doubling the standardized deduction is the most pro middle class thing anyone has ever done

2017-09-29 04:10:42 UTC  

And it simplifies tax codes

2017-09-29 04:10:48 UTC  

Saves time and money

2017-09-29 04:10:49 UTC  


2017-09-29 04:11:00 UTC  

like for personal income tak

2017-09-29 04:11:05 UTC  


2017-09-29 04:11:11 UTC  


2017-09-29 04:11:32 UTC  

Don't most of middle class have houses?

2017-09-29 04:11:40 UTC  

upper middle class now

2017-09-29 04:11:55 UTC  

Although I"m a little gray on what middle class truly is

2017-09-29 04:12:09 UTC  

the way i understand it is you have income subtract standardized deduction and then thats it. If that doubles under trump then thats amazing (from 6000 to 12000)

2017-09-29 04:12:09 UTC  

Middle class bracket also goes from 28% to 25% I think

2017-09-29 04:12:32 UTC  

now media is saying its actually income - standardized deduction - personalized exemption

2017-09-29 04:13:02 UTC  

so your already subtracting more than 10000 by default without the trump change

2017-09-29 04:13:23 UTC  

I am pretty sure most middle classes people were not taking standard deduction, and were itieising instead

2017-09-29 04:13:57 UTC  

no. 70% of americans took standard deduction last year

2017-09-29 04:14:03 UTC  

which is why increasing it is awesome

2017-09-29 04:14:14 UTC

2017-09-29 04:15:06 UTC  

2013 so not very recent, about 50% of "middle class"

2017-09-29 04:15:56 UTC  

in 2013 i believe the irs said 63% took standardized deductions

2017-09-29 04:18:53 UTC  

so is there a personal exemption you can take in addition to standard?

2017-09-29 04:19:06 UTC  

my understanding is once you tak standard thats it your done

2017-09-29 04:20:18 UTC  

I probably itemize right now

2017-09-29 04:20:28 UTC  

Although the only deduction I can take is my mortgage

2017-09-29 04:25:44 UTC  

so there no personal exemption that u take?

2017-09-29 04:26:02 UTC  

ok media is wrong then the trump plan is awesome 😃

2017-09-29 04:29:47 UTC  

I don't get to claim a lot of personal exemptions

2017-09-29 04:29:57 UTC  

I get my 2500/year claim for student loans

2017-09-29 04:31:46 UTC  

And I'm not even sure that actually does anything fo rme

2017-09-29 04:32:18 UTC  

The normal stuff that people itemize (kids, kidcare, health costs, etc) I have none of

2017-09-29 12:08:00 UTC  

Trump’s tax plan makes sense if a fair tax/flat rate were passed

2017-09-29 12:36:38 UTC  

Yeah boi

2017-09-29 13:17:44 UTC  

It is a lovely morning

2017-09-29 13:18:43 UTC  

nice box m8

2017-09-29 13:19:15 UTC  


2017-09-29 13:59:40 UTC  

Liberal > Kekistan

2017-09-29 14:01:09 UTC