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<blockquote data-quote="db-2" data-source="post: 186886" data-attributes="member: 4743">The 12600 standard deduction as the 4050 per person exemption is gone.&nbsp; You now have 24000.&nbsp; For a family of 4 last year one would deduct 28800 off of your gross income now it is the 24000.&nbsp; For the tax rate on the remaining income I just call up trump's income tax rate.they start at 12 percent up to about 9500, then 15 percent then 25 percent.&nbsp; Based on that my taxes would increase 2112 over what I paid. For me I only have the wife and me and loss the two 4050. But a family of 4 will lose 4 times 4050.&nbsp; A buddy had calculated his and his when up about 2000 in 2016.&nbsp; Hope there is more to this.&nbsp; If not trump talks fake talk. 12percent up to 932515 percent up to 37950 and over that tax rate is 25 percent. Help me if I am wrong db- - - Updated - - -And they still have the 1000/kid off of taxes and others so depending on things one could make May be 40000 and no taxes db I see the 37950 is 12 percent not 15.</blockquote>

[QUOTE="db-2, post: 186886, member: 4743"] The 12600 standard deduction as the 4050 per person exemption is gone. You now have 24000. For a family of 4 last year one would deduct 28800 off of your gross income now it is the 24000. For the tax rate on the remaining income I just call up trump's income tax rate. they start at 12 percent up to about 9500, then 15 percent then 25 percent. Based on that my taxes would increase 2112 over what I paid. For me I only have the wife and me and loss the two 4050. But a family of 4 will lose 4 times 4050. A buddy had calculated his and his when up about 2000 in 2016. Hope there is more to this. If not trump talks fake talk. 12percent up to 9325 15 percent up to 37950 and over that tax rate is 25 percent. Help me if I am wrong db [COLOR=silver][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] And they still have the 1000/kid off of taxes and others so depending on things one could make May be 40000 and no taxes db I see the 37950 is 12 percent not 15. [/QUOTE]

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