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Sun Oct 21, 2018, 01:08 PM

 

WARNING: Trump's Mid Terms - TAX Break - is a trick set up Don the Con's sleeve

We're being set up by the very slick prick - Donald the Great (Asshole) - about his special "Tax Break" that Trump is Tweeting will happen before the November Mid-Terms.

Thing is - a huge Tax Break - is already there!

Granted, it is more subjective, than objective; depending on the particular taxpayer's circumstances.

Trump has set a very slick trap, and some media outlets already taking the bait; because a significant tax benefit is already in the Tax Code, as of 2018.

Politvidchannel is asking
................................ Why does Trump LIE LIKE THIS.

But, that's a trap, based on Trump's bait & switch.




If you will PLEASE TAKE NOTE: Tricky Pricky Trump exact words are

"We are looking at putting in a very major tax cut for middle income people. And, if we do that, it will be sometime just prior to November"


At issue here, are what particular aspects of the 2018 Tax Code changes one is looking at.

Trump is going to win points, when media outlets call him a liar; because the facts are Trump will show individual gains to dazel voters with this type of comparison that the "Standard Deduction" in 2017 was

https://thumbor.forbes.com/thumbor/640x176/

And this is the new "Standard Deduction" in 2018

https://thumbor.forbes.com/thumbor/640x162/
.
Trump wins the moments he points out - bright line facts That the Standard Deduction has a huge increase for lower and middle classes (remember who his voting base is).

2017

The standard deduction for single taxpayers and married couples filing separately is $6,350 in 2017, up from $6,300 in 2016; for married couples filing jointly, the standard deduction is $12,700, up $100 from the prior year; and for heads of households, the standard deduction is $9,350 for 2017, up from $9,300.


As reported by Forbes, in March 2018,
https://www.forbes.com/sites/kellyphillipserb/2018/03/07/new-irs-announces-2018-tax-rates-standard-deductions-exemption-amounts-and-more/amp/

Standard Deduction Amounts. The standard deduction amounts will increase to $12,000 for individuals, $18,000 for heads of household, and $24,000 for married couples filing jointly and surviving spouses.

.
IRS Announces 2018 Tax Rates, Standard Deductions, Exemption Amounts And More

https://thumbor.forbes.com/thumbor/640x279/

https://thumbor.forbes.com/thumbor/640x265/
______

Here are the previous 2017 Tax Tables

https://thumbor.forbes.com/thumbor/640x275/
.

https://thumbor.forbes.com/thumbor/640x279/
.



.

IMO - we should steer clear of biting into this trap.

No regular taxpayer is going to care about the fact there's a "Sunset" provision to fade this all away, in 7 years (after the Donald's sunset); and there are 25 million low income people who will benefit from a larger "Standard" Deduction.
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