Does the title of this thread stand correct in this scenario? (25% bracket)
A family of 7 children would get an exemption of $37,350 (9 people x $4150 exemption in 2018) under the current law.
With the new tax law he will now save an additional $7000 due to the additional $1000 child tax credit per child (assuming his kids are all under 17). That new $7000 is worth a $28,000 "deduction" for someone in the 25% bracket.
That is still $9,350 short of what he would've received in Personal Exemptions.
More so, if 3 of his kids are over 17, he would get a new $4000 exemption for the first 4 kids, plus $500 for each of the 3 older kids. That new $5,500 is worth a $22,000 "deduction" for someone in the 25% bracket.
That is still $15,350 short of what he would've received in Personal Exemptions.