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sl8

(16,919 posts)

13. At the same time the $4k + personal exemption went away.

Reply to jimfields33 (Reply #6)

Fri Oct 28, 2022, 01:48 PM

Oct 2022

Also, the standard detection probably would have increased a bit, regardless.

So, yes, the standard deduction went up (I think it was from $6500 to $12,000) , but the net effect wasn't very much.

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If you have a problem with the student loan cancellation because you already paid of your loans... [View all] kpete Oct 2022 OP

Difference is everyone got a tax cut. jimfields33 Oct 2022 #1

It's always amusing kcr Oct 2022 #2

NOt true ... not everyone got a tax cut JT45242 Oct 2022 #5

Um the standard deduction went from 6K to 12K per filer jimfields33 Oct 2022 #6

At the same time the $4k + personal exemption went away. sl8 Oct 2022 #13

No, everyone didn't. AllyCat Oct 2022 #7

Not if they never paid any net federal income tax, which was the case for tens of millions Celerity Oct 2022 #10

I promise you, I got less of a tax cut than Jeff Bezos did. Bucky Oct 2022 #11

Says someone who probably got her loan paid off. BSdetect Oct 2022 #3

I didn't get my loans paid off Bettie Oct 2022 #8

Yes, college was a lot less expensive up until the late 80's - I was able to pay mine off. tenderfoot Oct 2022 #14

Perfect liberal N proud Oct 2022 #4

Hey - my MIL died of lung cancer... Hela Oct 2022 #9

Too many on the left seem happy to feed the right's talking points. TiredGenXFemme Oct 2022 #12

Amen! and welcome to DU! Trailrider1951 Oct 2022 #15