|
Author
|
Topic: Choice Between Socialist or Liberal
|
YoursTrulyAlways
Knowflake Posts: 3983
From:
Registered: Oct 2011
|
posted October 03, 2012 10:19 AM
  
I've lost my mind. I'll vote for no one. "On Tuesday, the former Massachusetts governor said one option he is considering is to limit federal income-tax deductions to $17,000 per household."
I don't know what you guys have as deductions, but I can assure you that my charitable contributions alone (without property taxes, state taxes, mortgage interest, health costs, etc.) far exceeds $17,000.
IP: Logged |
katatonic
Knowflake Posts: 8990
From:
Registered: Apr 2009
|
posted October 03, 2012 05:19 PM
well i have heard most of those deductions will be out the window, and i have heard that EVERYONE's tax will be cut by 20% (interesting when the bottom rate is already 10&..?) so i guess they will be taking your deductions ahead of time.but YTA, i have tried voting for no one, and it proved a bitter experiment! IP: Logged |
AcousticGod
Knowflake Posts: 6736
From: Pleasanton, CA
Registered: Apr 2009
|
posted October 03, 2012 05:28 PM
If the bottom rate is 10% and there's a 20% cut, then 20% of 10% is 2%, so the rate would go down to 8%.IP: Logged |
katatonic
Knowflake Posts: 8990
From:
Registered: Apr 2009
|
posted October 03, 2012 06:32 PM
clever AG! and d'uh to me.IP: Logged |
Lindaland
UBBFriend: Email This Page to Someone! 
