Is The Federal Standard Deduction In United States Fair?
In recent years, the increase in the amount of standard tax deduction available to the tax filers in the United States who do not wish to itemize their deductions, has been very moderate and largely insufficient. In times of rising unemployment and restricted earning opportunities, is the current regime of standard deduction really fair to those who are not so well off? With the re-ignition of debate by trump’s proposals, can one hope for some improvement?
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