08-10-2016, 10:26 PM
(08-10-2016, 08:46 PM)NATI BENGALS Wrote: For simplicity if they file jointly there is a $12,600 standard deduction... Ill let you do the math.
If the average Joe buys a new car at the real average cost of over $33,000 that $7,000+ cost increase seems kinda crazy. Especially if you dont get a 0% interest rate.
No income tax and no capital gains tax is like a millionaire or billionaires dream.
A $12,600 deduction would decrease Joe' taxes by $3,150. He'd still be paying more than he would under Johnsons plan.
P.s. math is awesome
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