Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

jmowreader

(53,395 posts)

8. The increase in standard deduction and the double deduction should compensate for that

Reply to LiberalAndProud (Reply #1)

Fri Jul 24, 2015, 08:45 PM

Jul 2015

How about also, if you're in the 10 and 15 percent brackets the medical deduction isn't indexed? Right now you have to spend a certain percentage of your income on medical bills before you can deduct it, which means you need to be either chronically ill with something really expensive (kidney failure comes to mind) or you had to suffer a catastrophic condition.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

13 replies

= new reply since forum marked as read

Highlight:

I have a pretty complex tax reform, but one that might work [View all] jmowreader Jul 2015 OP

Leave the two lowest brackets alone. LiberalAndProud Jul 2015 #1

The increase in standard deduction and the double deduction should compensate for that jmowreader Jul 2015 #8

I see some problems Warpy Jul 2015 #2

+10 million on every point. I've been pushing the tax on financial transactions for years riderinthestorm Jul 2015 #7

okay... jmowreader Jul 2015 #12

I guess hill2016 Jul 2015 #3

Especially the mortgage interest deduction. Can't kill that one. People would revolt. WillowTree Jul 2015 #5

The mortgage interest deduction would get better for the people most likely to revolt jmowreader Jul 2015 #10

If you say so. WillowTree Jul 2015 #13

interesting ideas taught_me_patience Jul 2015 #4

Address capital gains as well TexasBushwhacker Jul 2015 #6

The capital gains rate is definitely worth addressing jmowreader Jul 2015 #9

we're paid our ss check by the income we made, right? up to the cap? if people pay in unlimited cap Sunlei Jul 2015 #11