Independent
Thinks s/he gets paid by the post
- Joined
- Oct 28, 2006
- Messages
- 4,629
+1For me it was relatively good news. The law doesn't look good however for the Federal deficit which I'm more concerned about than a couple of % lower personal taxes.
The new law lowered our taxes a little for 2018.
This year's decrease is pretty simple for us. The new standard deduction is more than the old (standard deduction + personal exemptions). And, the 12% rate is lower than the old 15% rate.
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