Tuesday, September 26, 2017

Republicans Agree to RAISE Bottom Tax Rate

Do you really trust these three with tax "reform"/
As I have stated here many times, the current tax "reform" under discussion is really just a shell game that moves the point of taxation around.

Top White House and GOP leaders have agreed to raise the lowest individual tax rate from 10 to 12 percent, paired with doubling the standard deduction, reports Axios.

The maneuver will benefit some but will result in higher taxes for others. Trump is planning on calling the move a "tax cut."

The top tax bracket is expected to be cut from 39.6% to 35%.

Limitations on many other deductions are expected.


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