The biggest issue is finding the man power pool in an economy that is also coming back. That is probably the biggest challenge. During the decade of the 80s this country built three SSNs (attack submarines) and one SSBN (ballistic missile submarine) every year for about a decade.
Standard deduction amounts. The amount of your standard deduction depends on the filing status you qualify for. In 2014 for example, single taxpayers and married taxpayers who file separate returns can claim a $6,200 standard deduction.
Most people who file, roughly two-third take the standard deduction instead of itemizing, said Chris Woehrle, assistant professor of taxation at The American College of Financial Services. The standard deduction is a fixed amount that the Internal Revenue Service will knock off your taxes with no questions asked. For tax year 2013, the standard deduction is $6,100 if you're single or filing separately from your spouse. The standard deduction for those married and filing jointly is $12,200. If you have deductions (supported with proper documentation, of course) that top these amounts, then it makes sense to itemize your return.