5 ms·
How does the standard deduction going up benefit the rich or harm the non-rich? Aren't lower- and middle-class people most likely to take the standard deduction
by chc 9y ago
How does the standard deduction going up benefit the rich or harm the non-rich? Aren't lower- and middle-class people most likely to take the standard deduction, and thus be able to deduct more?
- dragontamer 9y agoThey're cutting a lot of deductions. EDIT: Seems like my information is out of date. I'll just edit my misinformation out (ie: most of the previous post)
- Anon1096 9y ago401k deductions and plans aren't being touched.
- dragontamer 9y agoYeah, my info was out of date. I edited my post to something way more conservative.