ISSUES & ELECTIONS
 
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Date Created:
April 7, 2008
Category:
News & Current Events »
Politics & Government
Group Type:
Request-Only
Owner:
BubbaCitizen AARP Member
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BubbaCitizen
Moderators:
CharMi1949 AARP Member
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ISSUES & ELECTIONS

Civil and bipartisan discussions of today's Issues and Topics of interest. A place to discuss what we feel is important to the nation today in a CIVIL and bi-partisan manner. The basic rules for this group are the AARP Terms of Service located at http://www.aarp.org/aarp/articles/terms_of_service.html

Group Forum (8576)

Ever wonder where that phrase came from ?
By: gruffstuff on March 20, 2010 | Posts: 7 | Latest Post By: jerryabr on March 21, 2010
Vote on Health Bill Today Caps a Journey Back From the Brink
By: mountainman0549 on March 21, 2010 | Posts: 0
Who is Stupid Enough..
By: HoHoHo on March 20, 2010 | Posts: 9 | Latest Post By: gruffstuff on March 21, 2010
A strong silent demonstrator stands tall against vitriolic health care foes - column by Connie Schultz
By: golfinsailor on March 21, 2010 | Posts: 0
Health care is a civil right
By: golfinsailor on March 21, 2010 | Posts: 0
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My President
 
The Senate and the Roman People.png
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Solve Healthcare Now
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The Road Map Plan Cont'd

 The rest of the income tax section:


? Adjusted Gross Income, Standard Deductions, and Personal Exemptions. Defines taxable income as equal to earnings minus a standard deduction and personal exemption. The standard deduction is $25,000 for joint tax filers, $12,500 for single filers. The personal exemption is $3,500. The combination is equivalent to a $39,000 exemption for a family of four.

? Returns to Savings Tax Exempt. Contains no tax on interest, capital gains, or dividends.

? Broader Tax Base. Eliminates, in the Simplified Tax, virtually all of the credits and deductions in the existing tax code, but retains a generous standard deduction amount while lowering tax rates. Retains health care tax credit described above.

 

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