by Tim Bonney » Mon Jan 01, 2018 7:16 pm
Based on an online calculator that I ran my salary through, I may get a smallish tax cut. But my daughter, who makes far less than I do, will get a tax increase because she will lose the deduction on her student loan payments and the tax cut also is regressive. How does it makes sense that a middle income clergy will get a tax cut and a church secretary will pay more taxes?
As I used the online tool, the more you made the higher percentage tax cut your got, the less you made the less of a break you got, by percentage, not just dollar.