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<blockquote data-quote="newfie" data-source="post: 3665377" data-attributes="member: 58700">which part of this was created for the rich?<ul>
<li data-xf-list-type="ul">Eliminates the Net Investment Income Tax.</li>
<li data-xf-list-type="ul">Increases the standard deduction from $6,300 to $15,000 for singles and from $12,600 to $30,000 for married couples filing jointly.</li>
<li data-xf-list-type="ul">Eliminates the personal exemption and introduces other childcare-related tax provisions.</li>
<li data-xf-list-type="ul">Makes childcare costs deductible from adjusted gross income for most Americans (above-the-line), up to the average cost of care in their state. The deduction would be phased out for individuals earning more than $250,000 or couples earning more than $500,000.</li>
<li data-xf-list-type="ul">Offers credits (“spending rebates”) of up to $1,200 a year for childcare expenses to lower-income families, through the earned income tax credit.</li>
<li data-xf-list-type="ul">Creates new saving accounts for care for children or elderly parents, or school tuitions, and offers a 50 percent match of contributions (not modeled).</li>
<li data-xf-list-type="ul">Caps itemized deductions at $100,000 for single filers and $200,000 for married couples filing jointly.<a href="https://taxfoundation.org/details-analysis-donald-trump-tax-plan-2016/#_ftn3" target="_blank">[3]</a></li>
<li data-xf-list-type="ul">Taxes carried interest as ordinary income.</li>
<li data-xf-list-type="ul">Eliminates the individual alternative minimum tax.</li>
</ul><a href="https://taxfoundation.org/details-analysis-donald-trump-tax-plan-2016/" target="_blank">Details and Analysis of Donald Trump&#039;s Tax Plan</a></blockquote>

[QUOTE="newfie, post: 3665377, member: 58700"] which part of this was created for the rich? [LIST] [*]Eliminates the Net Investment Income Tax. [*]Increases the standard deduction from $6,300 to $15,000 for singles and from $12,600 to $30,000 for married couples filing jointly. [*]Eliminates the personal exemption and introduces other childcare-related tax provisions. [*]Makes childcare costs deductible from adjusted gross income for most Americans (above-the-line), up to the average cost of care in their state. The deduction would be phased out for individuals earning more than $250,000 or couples earning more than $500,000. [*]Offers credits (“spending rebates”) of up to $1,200 a year for childcare expenses to lower-income families, through the earned income tax credit. [*]Creates new saving accounts for care for children or elderly parents, or school tuitions, and offers a 50 percent match of contributions (not modeled). [*]Caps itemized deductions at $100,000 for single filers and $200,000 for married couples filing jointly.[URL='https://taxfoundation.org/details-analysis-donald-trump-tax-plan-2016/#_ftn3'][3][/URL] [*]Taxes carried interest as ordinary income. [*]Eliminates the individual alternative minimum tax. [/LIST] [URL="https://taxfoundation.org/details-analysis-donald-trump-tax-plan-2016/"]Details and Analysis of Donald Trump's Tax Plan[/URL] [/QUOTE]

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