All Righty then, Tax Increases Projected Under
Post# of 65629
Tax Increases Projected Under Trump Plan
Lily Batchelder, a law professor at NYU and visiting fellow at the Tax Policy Center, says Donald Trump's plan would boost taxes for many families, with some of the largest increases applying to single-parent families "because of the repeal of the head of household filing status and personal exemptions."
A single parent with $75,000 in earnings, two school-aged children, and no child care costs would face a tax increase of around $2,440.
A single parent with $50,000 in earnings, three school-aged children, and no child care costs would also face a tax increase of around $1,188.
A married couple with $50,000 in earnings, two school-aged children, and no child care costs would face a tax increase of about $150.
Other married couples would get almost no benefit.
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