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somsai

(181 posts)

10. This is after the 0% standard deduction of $31,500 for married filing joint, plus $6000 for being old

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Oct 10, 2025, 08:27 AM

Friday

and another 1600 or 2000 I can't figure out which for being old. I figure I have no taxes for the first $38K or so. Then once I figure taxes I get the education tax credit for a couple of kids. But the biggest gift of all is that all the appreciation on my house and all the appreciation on equities I pay nothing on.

Altogether taxes are way too low. Poor people pay Social Security taxes on the first dollar they earn and the first dollar they spend in the form of sales tax. The middle class should pay taxes too.

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Highlight:

IRS releases 2026 income tax brackets with Trump law changes [View all] Yo_Mama_Been_Loggin Thursday OP

And 1.5% for incomes greater than $2M year AZJonnie Thursday #1

Just that last year your money went to the federal government... rubbersole Thursday #2

This message was self-deleted by its author bsiebs Thursday #3

From the link... MichMan Friday #9

Increasing the standard deduction so most people don't itemize somsai Friday #11

Raising the standard deduction was nice, but they got rid of the personal exemption ($4,050 for singles in 2017) progree Friday #12

People should realize that the bracket changes do not and have not been keeping up with inflation progree Thursday #4

Assuming that CPI is more accurate than chained CPI. Igel Thursday #6

You the middle class will be supporting the wealthy with IRS agents being let go Stargazer99 Thursday #5

Now me and the missus can each afford a Big Mac once a month. . Just like our president. 3Hotdogs Thursday #7

wakie wakie hands off snakie Snoopy 7 Friday #8

This is after the 0% standard deduction of $31,500 for married filing joint, plus $6000 for being old somsai Friday #10

The 6k is in the Big Beautiful Bill LtTx Friday #13

The One, Big, Beautiful Bill was signed into law July 4. The extra $6k senior deduction is effective in 2025 progree Friday #14

Thanks! nt LtTx Friday #15