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General Discussion

dsc

(52,155 posts) Sun Sep 27, 2020, 09:27 PM Sep 2020

11

To put Trump's tax bill in 2016 in perspective

If you were a single, child free person in 2016 and earned $10,350 (personal exemption plus standard deduction) + $7500 (taxed at 10%) = $17850 you paid the same amount as he did. That is $8.92 an hour.

3 replies

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To put Trump's tax bill in 2016 in perspective (Original Post) dsc Sep 2020 OP

Under the new tax plan if you made 12000 Tribetime Sep 2020 #1

I didn't use last year since they don't have last years for him dsc Sep 2020 #2

👍 Tribetime Sep 2020 #3

Tribetime

(4,684 posts)

1. Under the new tax plan if you made 12000

Reply to dsc (Original post)

Sun Sep 27, 2020, 09:31 PM

Sep 2020

Last year you paid around 1000 in taxes

dsc

(52,155 posts)

2. I didn't use last year since they don't have last years for him

Reply to Tribetime (Reply #1)

Sun Sep 27, 2020, 09:33 PM

Sep 2020

I will say I find that hard to believe. I think the standard deduction is about 12k now so you should pay little to no taxes if you make 12k.

Tribetime

(4,684 posts)

3. 👍

Reply to dsc (Reply #2)

Sun Sep 27, 2020, 09:34 PM

Sep 2020

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