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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (60224)12/22/2017 10:08:33 PM
From: Keith J  Read Replies (1) of 78954
 
I roughly calculated we would have about $9k in additional AGI as a result of the tax change (loss of exemptions and changing from itemized deductions to standard deduction). No kids impacting our return (which as long as they were under 17 would likely reduce overall tax due).

But despite this, our overall tax due would go down over $1500 if I calculated correctly - because of the lower tax rates. Not that everyone will have the same result. But I do think the drain on the Treasury will be more than anticipated.

KJ
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