Then we compute the mean of this resample and obtain the first bootstrap mean: Î¼ 1 *. We repeat this process to obtain the second resample X 2 * and compute the second bootstrap mean Î¼ 2 *. If we repeat this 100 times, then we have Î¼ 1 *, Î¼ 2 *, â¦, Î¼ 100 *. This represents an empirical bootstrap distribution of sample mean. From this empirical distribution, one can derive a bootstrap confidence interval for the purpose of hypothesis testing.
California allows a deduction for medical expenses for the spouse of a same-sex marriage and their spouse's dependents as an itemized deduction that exceeds 7.5% of Federal AGI. Refer to Federal Publication 502, Medical and Dental Expenses, for additional limits on deductible long-term care premiums.
So, if you have tax deductions of $15,000, you are married filing jointly and you fall into the 25% marginal tax bracket, you arenât saving $15,000 on your tax bill. You also arenât saving $3,750 on your tax bill ($15,000 x 25%). Youâre saving $650 ([$15,000 - $12,400] x 25%). In fact, the Reason Foundation, a libertarian think tank, found the average amount homeowners saved thanks to the mortgage interest tax deduction was just $615 in 2012.