ST Alpha - "znufrii's brilliant tax policy idea -- instead of capping the benefit of itemized deductions at 28%, like Obama proposes..." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 153

znufrii's brilliant tax policy idea -- instead of capping the benefit of itemized deductions at 28%, like Obama proposes...

Posted by znufrii Mar 20 '09, 14:23

why don't we simply subject it to the same tax brackets from the bottom up, instead of the top down? So, for example, if you had $30,000 in deductions, instead of it offsetting $30,000 of income in your highest marginal tax bracket, the first $16,700 (for married, filing jointly) offsets the portion of your income taxed at 10%, the remainder at 15%...

Responses:

cause that then hurts the lower income. -- nm - tRuMaN Mar 20, 14:24 2
- then you increase the standard deduction to compensate. -- nm - znufrii Mar 20, 14:24 1
  - or simply roll it in with the current exemptions and take those off the top, and any additional deductions are taken off the bottom -- nm - znufrii Mar 20, 14:25

Post a message top

znufrii's brilliant tax policy idea -- instead of capping the benefit of itemized deductions at 28%, like Obama proposes...

Replies are disabled on threads older than 7 days.