Pocahontas? So What?

[Jim in CT]

I am not an accountant. So I could absolutely be wrong here...

But when I heard about the doubling of the standard deduction, I was very glad to see that in there. I figured that cannot fail to put more money in the pockets of people who are, I presume, mostly lower middle class. Isn't that who uses the standard deduction?

That piece alone, must necessarily reduce taxes for these people. Is there another feature of the bill, that increases their taxes by more than the deduction lowers them?

This is an honest, sincere question, not sarcasm or hyperbole.

[scottw]

I was just reading this about Pocahontas...too funny

touted after her hire at Harvard Law School as, yes, the school’s “first woman of color"


"My favorite Elizabeth Warren story involves a cookbook. Warren, who was at that time posing as a trailblazing Cherokee, actually contributed recipes to a recipe book with the name, I kid you not, “Pow Wow Chow.” But here’s the best part of the story. She plagiarized some of the recipes. Yes indeed, her version of “pow wow chow” came directly from a famous French chef. My second-favorite Warren story involves breastfeeding. She once claimed to be the first “nursing mother” to take the New Jersey bar exam, making her, I suppose, the Jackie Robinson of lactating lawyers. The problem? There’s no evidence this is true. Women have been taking the New Jersey bar since 1895, and the New Jersey Judiciary was “not aware” whether they tracked the nursing habits of test-takers. Warren is a bit of an academic grifter. She’s willing to fake her way to the top. When she came to Harvard Law School, she was — believe it or not — considered by some to be a “minority hire.” She listed herself as a minority on a legal directory reviewed by deans and hiring committees. The University of Pennsylvania “listed her as a minority faculty member,” and she was touted after her hire at Harvard Law School as, yes, the school’s “first woman of color.”

[spence]

Originally Posted by Jim in CT

I am not an accountant. So I could absolutely be wrong here...

But when I heard about the doubling of the standard deduction, I was very glad to see that in there. I figured that cannot fail to put more money in the pockets of people who are, I presume, mostly lower middle class. Isn't that who uses the standard deduction?

That piece alone, must necessarily reduce taxes for these people. Is there another feature of the bill, that increases their taxes by more than the deduction lowers them?

This is an honest, sincere question, not sarcasm or hyperbole.

I think the issue is they while they may double the standard deduction they also remove other exemptions and tinker with the rates so it's neutral or in some cases a net loss. The CBO report just hammered the Senate plan as a big hit on the middle class and will add substantially to our deficit spending.

[Nebe]

Originally Posted by spence

I think the issue is they while they may double the standard deduction they also remove other exemptions and tinker with the rates so it's neutral or in some cases a net loss. The CBO report just hammered the Senate plan as a big hit on the middle class and will add substantially to our deficit spending.

Someone has to cover the tax cuts for private jets, golf courses and hotels. Sheeeesh
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