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I honestly haven't calculated the tax difference for the rural red state poor. Are you sure they won't benefit from the increased standard deduction? If you're
by vostok 9y ago
I honestly haven't calculated the tax difference for the rural red state poor. Are you sure they won't benefit from the increased standard deduction? If you're sure then I'll trust your calculations over my not-calculations.
- CalChris 9y agoThe lowest quintile will see about $60 of reduction which is non-zero. So the plan can say that it saves them money. However, it is not significant. http://www.taxpolicycenter.org/publications/preliminary-distributional-analysis-tax-cuts-and-jobs-act/full http://www.taxpolicycenter.org/publications/preliminary-dist...