At these income levels, the increased standard deduction covers it. I live in California, am working class and can attest.
At these income levels, the increased standard deduction covers it. I live in California, am working class and can attest.
Point taken. But aren’t you admitting that at higher double-income income levels, working couples will indeed pay higher federal taxes, if they live in California or other high tax states? Say, a cop and a nurse who together make $150,000 or more? That’s middle class - and they’ll be hit with higher federal taxes because they can’t deduct their oprressive California state taxes, right?
The increase in the SD is just a couple grand more than the personal exemption that they are taking away.