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To: SkyPilot

Simple solution is to raise the standard deduction to the point that it’s equal to, or more than the itemized deduction for say 90-95% of those making $60K a year. And index it to inflation.


15 posted on 11/10/2017 4:32:07 AM PST by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: Night Hides Not

Sounds sensible but indexing for inflation leaves an opening to make up a false figure. Indexing social security for inflation has not come close to doing what it was supposed to do. The official inflation adjustment is far below what reality would require.


26 posted on 11/10/2017 4:59:48 AM PST by RipSawyer (Racism is racism regardless of the race of the racist)
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To: Night Hides Not
This is the other side of the plan, which many here overlook. The current plan is to double the standard deduction, which will be then used by upwards of 90% of the taxpayers, as these deduction will no longer be needed or used.
30 posted on 11/10/2017 5:20:18 AM PST by hinckley buzzard
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