Why the GOP tax plan's big boost in the standard deduction won't be a windfall for some average Amer

[jmowreader]

3. Google West Fertilizer or USS Grandcamp

The bill kills the medical deduction, but we’ll ignore that and pretend their tithing, mortgage and local taxes are together less than $24,000. Using a family with eight children:

Now: $12,700 standard deduction, $40,500 personal exemption, $53,200 off your tax bill
Trump: $24,000 off your tax bill
Difference: $29,000

Single parents really get hosed...with one kid, you get $18,450 now and $12,000 under Trump.

But Trump’s taxes go down bigly and that’s the important thing.