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Tag Archive for ‘tax increase’

Some seniors will pay a 296% tax increase under “Deep State” deal with media and politicians

Remember the promise of a tax cut primarily for the middle class? For many Americans that will be a lie, and retired seniors will be hit the hardest, despite the attempted sleight of hand numbers game that “gives” you about double the standard deduction, but doesn’t mention the loss of personal exemptions. Even worse, the so-called reform means that a couple that used to itemize deductions above $12,700 (under 65) […]

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