Easiest way to find affordable health insurance. healthmarkets.com Find the Health Plan That's Right For You Health-Insurance-Companies.com/Washington What Obamacare Means to New Yorkers Abby Coleman 07/10/2012 1 Comments JoeTaxpayer July 11, 2012 Sorry, that $80K worker has a standard deduction, and exemption, totaling $9750 off the top. Since her State and city tax add to over the $5950 std deduction, she’d itemize, starting with that $7,883 figure, adding her student loan debt, charitable deductions, mortgage interest & property tax if she owns a home (I know better, not in NYC, nevermind.) Still, we’re at $7883+$3800 (exemption) off the top. Hopefully, some more comes off for retirement savings, 10%, or $8000, again, off the top. The numbers miss these points for the high income couple as well. The point is missed when the numbers are just wrong.