• Posted By michohara
    Friday, December 01 2017 at 10:16 AM
    By increasing the standard deduction to $24,400, lowering the 15% tax bracket to 12% and expanding it all the way to 90k of taxable income, many moderate income taxpayers would be far better off. It is a bit silly to argue that teachers and those paying back student loans would be worse off, when many would reap a much greater benefit from a 100% increase in the standard deduction and a lower tax bracket.