Wiz Imp

(9,997 posts) Wed Dec 3, 2025, 12:29 PM Dec 2025

And even then, a tax deduction lowers the taxable income, NOT the tax itself

People at the highest marginal tax rate (37% which applies to very few people) would save a maximum of $9250 in taxes. People at the lowest marginal rate would save just $2500. How does this provide significant help to anyone?

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Wiz Imp

And even then, a tax deduction lowers the taxable income, NOT the tax itself