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To: Mariner
By doing away with the personal exemptions, many will be owing more taxes under their plan.

I emailed my congressman (R) this morning and pointed out that while I support any corporate cuts (which I believe will be recouped by increased business receipts) the seniors (who are very heavy R and almost always vote) are being put in a catch-22 situation. The medical deduction and the charitable gift deduction, when coupled with limits on property taxes, are going to be a big hit at a time that they must take money from their 401's, IRA's etc. And no more personal exemption.

That is also going to impact couples with large families.

17 posted on 11/13/2017 10:23:08 AM PST by Abby4116
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To: Abby4116

The medical deduction for seniors has never even been met by me or any of my friends———it’s minimal and most of our med costs are covered by Medicare.

.


38 posted on 11/13/2017 12:39:06 PM PST by Mears
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