Standard deductions will double with 2018 tax filings in April of 2019,

This is what the Dems are trying to prevent:  a tax reduction boom that 90% of Americans will realize.  If you have two children and earn 100,000 dollars,  last year your taxable income after child credits and standard deducts,  was $86,000  In 2019,  your adjusted income will be $72,000.  

2018 Standard Deduction

The standard deduction is jumping A LOT this year.  Here are the standard deductions by tax filing status:

• Married Filing Jointly/Surviving Spouse: $24,000
• Heads of Households: $18,000
• Single: $12,000
• Married Filing Separately: $12,000

2018 Tax Brackets

So how much will you pay in taxes for 2018? Here’s how the tax rate is applied for the year. Remember, the income listed here is your taxable income–not your gross income.

Married Filing Jointly and Surviving Spouses

Taxable Income	Taxes
Up to $19,050	10% of taxable income
Over $19,050 but not over $77,400	$1,905 plus 12% of excess over $19,050
Over $77,400 but not over $165,000	$8,907 plus 22% of the excess over $77,400
Over $165,000 but not over $315,000	$28,179 plus 24% of the excess over $165,000
Over $315,000 but not over $400,000	$64,179 plus 32% of the excess over $315,000
Over $400,000 but not over $600,000	$91,379 plus 35% of the excess over $400,000
Over $600,000	$161,379 plus 37% of the excess over $600,000

Heads of Households

Taxable Income	Taxes
Up to $13,600	10% of taxable income
Over $13,600 but not over $51,800	$1,360 plus 12% of excess over $13,600
Over $51,800 but not over $82,500	$5,944 plus 22% of the excess over $51,800
Over $82,500 but not over $157,500	$12,698 plus 24% of the excess over $82,500
Over $157,500 but not over $200,000	$30,698 plus 32% of the excess over $157,500
Over $200,000 but not over $500,000	$44,298 plus 35% of the excess over $200,000
Over $500,000	$149,298 plus 37% of the excess over $500,000

Unmarried Individuals (other than Surviving Spouses and Heads of Households:

Taxable Income	Taxes
Up to $9,525	10% of taxable income
Over $9,525 but not over $38,700	$952.50 plus 12% of excess over $9,525
Over $38,700 but not over $82,500	$4,453.50 plus 22% of the excess over $38,700
Over $82,500 but not over $157,500	$14,089.50 plus 24% of the excess over $82,500
Over $157,500 but not over $200,000	$32,089.50 plus 32% of the excess over $157,500
Over $200,000 but not over $500,000  Over $500,000	$45,689.50 plus 35% of the excess over $200,000
_____________________ Source:  https://www.doughroller.net/taxes/federal-income-tax-brackets-deductions-and-exemption-limits/	$150,689.50 plus 37% of the excess over $500,000