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ProfessorPlum

(11,256 posts) Thu Apr 27, 2017, 08:06 PM Apr 2017

TYT: Trump's Tax Plan Explained

What a f*cking robbery.

3 replies

= new reply since forum marked as read

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TYT: Trump's Tax Plan Explained (Original Post) ProfessorPlum Apr 2017 OP

And while they would be raising standard deductions, the Earned Income Tax Credit would go. tenorly Apr 2017 #1

jesus. how horribly evil. ProfessorPlum Apr 2017 #2

Isn't it though. tenorly Apr 2017 #3

tenorly

(2,037 posts)

1. And while they would be raising standard deductions, the Earned Income Tax Credit would go.

Reply to ProfessorPlum (Original post)

Thu Apr 27, 2017, 09:49 PM

Apr 2017

Since the EITC is worth $2,400 to average family that claims it, repealing it would in effect be a tax increase for households earning $24,000. They would gain $1,200 from the increased standard deduction ($12k increase x 10%); but lose the $2,400 benefit.

No wonder Mnuchin is smiling. More foreclosures.

ProfessorPlum

(11,256 posts)

2. jesus. how horribly evil.

Reply to tenorly (Reply #1)

Thu Apr 27, 2017, 10:15 PM

Apr 2017

tenorly

(2,037 posts)

3. Isn't it though.

Reply to ProfessorPlum (Reply #2)

Thu Apr 27, 2017, 11:33 PM

Apr 2017

Ayn Rand would be proud - just after she cashes in her (improperly-obtained) SSI check, of course.

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