Indeed, the source code only considers tax brackets, the personal exemption, and the standard deduction. I've read of an increase of $650 in the per-child tax credit combined with the loss of the per-dependent personal exemption and an increase in the standard deduction. If your last $4333 of annual income is going to be taxed at rate of 15%, then a $650 credit is just as valuable as a $4333 deduction or exemption and thus slightly more valuable than the current $4050 personal exemption. Thus, contrary to this calculator, middle-class families with lots of kids will not get big tax increases.
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