ST Alpha - "I'm confused by the orange bar vs the red bar here, what's the difference between the two?" (Reading a Post)

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I'm confused by the orange bar vs the red bar here, what's the difference between the two?

Posted by ty97 Nov 4 '21, 04:50

Perhaps it's just early and my brain is slow

https://twitter.com/MarcGoldwein/status/1456003815002492929 (twitter.com)

Responses:

One is a big number, and the other is a bigger number. -- nm - mafic Nov 4, 05:39
*smh* -- nm - znufrii Nov 4, 05:15 1
- Don't shake your head at me, it's early! -- nm - ty97 Nov 4, 05:17
Orange bar is complete repeal. Red bar is disallowing everything over $72,500 in taxes. -- (edited) - spamlet Nov 4, 04:53 12
- ahhhhh, got it (thanks) -- nm - ty97 Nov 4, 04:55 11
  - once again, we need COL adjustments in things....... (that's not gonna happen though) -- nm - ty97 Nov 4, 04:57
  - My IM isn’t right that’s too high (I thought the personal and corporate rates were closer) - spamlet Nov 4, 04:57 9
    - I was wondering about your IM, it seemed low. - ty97 Nov 4, 04:58 8
      - I’m sure it does as the deduction includes property taxes. - spamlet Nov 4, 05:03 7
        
        I just can't remember if we currently have a single 10k cap on the combination of both? Or a 10k cap on each? -- nm - ty97 Nov 4, 05:05 6
        
        Combined cap. -- nm - spamlet Nov 4, 05:22 5
        
        Well that's pretty awful -- nm - ty97 Nov 4, 05:27 4
        
        Depends on how you look at it. They’re going to raise the money one way or another. - spamlet Nov 4, 05:40 3
        
        "They’re going to raise the money one way or another." isn't true. - ty97 Nov 4, 05:43 2
        
        I meant the Feds in that statement. And I honestly think the deduction should be zero which would take care of the IM. -- nm - spamlet Nov 4, 05:45 1
        
        Again I disagree. - ty97 Nov 4, 06:31

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I'm confused by the orange bar vs the red bar here, what's the difference between the two?

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