pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
.... It’s not thevstatus quo I am upset with, it’s tax code changes that hurt the middle class and help the wealthy and corporations I am unhappy with.
I wouldn’t say the new tax code hurts the middle class. My kids have been paying a lot higher tax rate than I am for years. It’s about time they get a break. They have zero deductions period. One kid I consider middle class and single and self employed, so she pays through the nose. They are not hurt by this new tax code. In fact, they start to have some money to save.
+1 with you Fedup. I do 6 tax returns for ourselves and various friends and relatives with income from $20k (for a single) to $175k (working couple)... every single one will pay lower taxes in 2018 than in 2017 based on 2017 income and deductions.
$175k working couple..... 16.9% decrease
$95k single retiree.......... 9.4% decrease
$20k single worker.......... 20.2% decrease
$40k single worker.......... 20.2% decrease
$74k retired couple......... 20.5% decrease
+ us.... ours will be flat.
So IME I don't see the changes as having hurt the middle class at all.... in fact, just the opposite.