Latest Breaking News On - Encyclopedia brown - Page 1 : comparemela.com

Fewer people will actually pay tax at that rate. Now, let me tell you what else they want to do. They want to nearly double the standard deduction. 12,000 for individuals. 24,000 for married couples. Thats the justification for raising the lowest tax rate from 10 to 12 that a whole lot of people arent actually going to pay for. The plan also calls for the elimination of the socalled marriage penalty. Raising the tax credit for a child under 17 by a yet to be specified amount. And look for a new 500 tax credit for nonchild dependents. That replaces the idea that you can actually otherwise claim nonchild dependents. In addition, the plan calls for repealing the estate tax. What a lot of republicans call the death tax. This benefits generally speaking the wealthy. It also repeals the Alternative Minimum Tax. At lot of you might say i pay the Alternative Minimum Tax. Heres the problem. It was actually meant to be something for the wealthy. Wasnt indexed to inflation so a number of people i

Tax rateTax creditMarriage penaltyEstate taxDeath taxAlternative minimum taxWasn tDonald trumpBusiness sideHedge fundsLaw firmsSmall businessHousehold income39 6Don tThe washington post