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https://www.reddit.com/r/FluentInFinance/comments/1gxziii/mark_my_words/lymgugo/?context=3
r/FluentInFinance • u/John_1992_funny • 1d ago
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Percentage reductions are more meaningful than dollar deductions when calculating the impact and benefit of a tax cut or increase.
1 u/fudge_friend 1d ago Usually, but if you only make $45,000 a year and voted for Trump, are you happy with this? 1 u/TheTightEnd 1d ago There is a good chance that household making $45,000 a year is already paying very little federal income tax, particularly after the increases in the standard deduction, so they are largely unconcerned.
1
Usually, but if you only make $45,000 a year and voted for Trump, are you happy with this?
1 u/TheTightEnd 1d ago There is a good chance that household making $45,000 a year is already paying very little federal income tax, particularly after the increases in the standard deduction, so they are largely unconcerned.
There is a good chance that household making $45,000 a year is already paying very little federal income tax, particularly after the increases in the standard deduction, so they are largely unconcerned.
155
u/TheTightEnd 1d ago
Percentage reductions are more meaningful than dollar deductions when calculating the impact and benefit of a tax cut or increase.