ST Alpha - "Obama is only proposing limiting itemized deductions for households making over $250,000 right? -- nm" (Reading a Post)

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Obama is only proposing limiting itemized deductions for households making over $250,000 right? -- nm

Posted by Stewie (aka whysoserious) Mar 20 '09, 14:27

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Responses:

This was the first time in many years I didn't have enough deductions to itemize....and next year I get an extra exemption...yay me !! :) -- nm - MojaveMeg Mar 20, 14:30 3
- You're expecting? CONGRATS!!! -- nm - Cuzzin Todd Mar 20, 14:51 1
  - :-P -- nm - MojaveMeg Mar 20, 15:40
- Amazingly, I'll be itemizing away over $30K of income this year -- nm - Stewie Mar 20, 14:35
correct. -- nm - znufrii Mar 20, 14:28 20
- [deleted] 19
  - I'm not sure I understand your criticism here. -- nm - znufrii Mar 20, 14:32 18
    - I'm not aiming to disallow any deductions, just make sure everyone benefits equally from them. -- nm - znufrii Mar 20, 14:33 17
      - [deleted] 9
        
        except we don't treat people equally across tax brackets as far as deductions are concerned. Those in a higher bracket receive greater tax relief - znufrii Mar 20, 14:42 8
        
        say what? - tRuMaN Mar 20, 14:44 6
        
        because they have a higher marginal tax rate. - znufrii Mar 20, 14:45 5
        
        umm, the standard deduction does not change based on tax bracket. - tRuMaN Mar 20, 14:46 4
        
        but the relief it provides does. -- nm - znufrii Mar 20, 14:47 3
        
        umm,what? - tRuMaN Mar 20, 14:49 2
        
        [deleted] 1
        
        maybe, or maybe znu has been drinking since noon. -- nm - tRuMaN Mar 20, 14:59
        
        [deleted]
      - [deleted] 6
        
        then either I wasn't clear or am misunderstanding Obama's proposal - znufrii Mar 20, 14:40 5
        
        yes, but see, that is done already in many cases - tRuMaN Mar 20, 14:42 4
        
        well, perhaps this would obviate the need for the amt, and then we wouldn't need to fix it every year. :) -- nm - znufrii Mar 20, 14:43 3
        
        [deleted] 1
        
        or you looked at it wrong, or you smelt funny, or any of dozens of other silly reasons, but yes. -- nm - tRuMaN Mar 20, 14:47
        
        sure, a bit, but I tend to agree with spamlet - tRuMaN Mar 20, 14:44
yes -- nm - tRuMaN Mar 20, 14:27 1
- good cause I need mine -- nm - Stewie Mar 20, 14:28

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