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re: So will the supposed tax cuts really benefit the Middle Class?

Posted on 11/29/16 at 2:50 pm to
Posted by Dawgfanman
Member since Jun 2015
22513 posts
Posted on 11/29/16 at 2:50 pm to
Low to moderate income single parents..don't fricking pay taxes! It might reduce the amount of tax credits they get refunded..
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32656 posts
Posted on 11/29/16 at 4:21 pm to
quote:

It might reduce the amount of tax credits they get refunded..


Under his tax plan it would. His plan is to raise the standard deduction to 15k (for single filers) and to get rid of the exemption for dependents. But he also wants to give a credit for child care, but I believe there is a limit on the number of children that can be applied to.

Basically, it helps those who single or married with no children, and shouldn't be too much of a hindrance to those who are married with children, but could hurt a single parent with 10 kids...
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