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Originally Posted by Guest
I hope that that will be enough. What really determines how people vote is their pocketbooks. If the midterms were going to be held after April 15 of 2019, I'd feel a lot more confident. the problem is that the Democrats with the help of the media are going to keep banging away with lies and distortions about what's going on. If they can't do that, they try to keep the Russia nonsense going. Most Americans really don't understand very much about economics so they'll tend to believe the talking heads and the Schumer, Pelosi lies.
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A family of four prior to the tax changes would have had a standard deduction of $12,700 and four exemptions worth $16,200 combined, so their first $28,900 would be tax-free. Under the new tax law, they would just get the $24,000 standard deduction, making an additional $4,900 subject to income taxes. But the good news is, if a couple passes on an estate valued at $25 million and they leave $3 million or more to charitable causes in their will from their estate, their heirs would pay no tax at all on this inheritance.