For example, if a couple had $10,000 of legal itemized deductions, the tax change would limit the deductible amount to $2,800. Under current law couples earning $250,000 or more can deduct up to 35 percent of their legal deductions. Using the $10,000 figure again, couples can currently deduct $3,500 from their taxes.
Lesseeee the difference in 2800 and 3500 is 700. 700 x 10 is 7000. now in order for this to bring in the projected 634 B means there are one helluva lot of rich people to make 634 billion dollars in ten years...holy shit
why are you multiplying 700 by 10???
cuts in medicare pays for some as well?*
Last edited: