4 ms·
Plus boosting the standard deduction is giving middle class people a few extra thousand a year, many will simply endure the rhetoric for the payout.
by creaghpatr 8y ago
Plus boosting the standard deduction is giving middle class people a few extra thousand a year, many will simply endure the rhetoric for the payout.
- dragonwriter 8y ago> Plus boosting the standard deduction is giving middle class people a few extra thousand a year No, it isn't, if you use the common sense of “middle class” to mean “middle income”, rather than the classical “petit bourgeoisie”. The change is less than $6000 in the standard deduction, so even if “a few” means only 2, you'd need over a 33% federal marginal tax rate to get a few thousand from it, which requires an income after the standard deduction of $200,000+.