Loading ...I figured as much. No real tax break for middle class. JUST MOVIMG NUMBERS AROUND. Many people including me are going to be stuck paying MORE taxes not less. No repeal on healthcare insurance fines.
Here are the details that are emerging Thursday morning:
* The highest tax bracket will remain at 39.6%: According to reports, the plan will propose a fourth marginal tax bracket on high-income earners. It will reportedly apply to married couples making more than $1 million a year.
* New individual tax brackets:
* 12%: Applies to incomes up to $45,000 for an individual and $90,000 for a married couple.
* 25%: Applies to incomes up to $200,000 for and individual and $260,000 for couples.
* 35%: Applies to incomes up to $500,000 for an individual and $1 million for couples.
https://www.inc.com/business-insider/tax-cuts-and-jobs-act-tax-reform-house-gop-2017.html
New tax plan As usual no help for middle class no repeal of unconstitutional healthcare penalty
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