web analytics

Politics

Biden may bump income taxes to 39% for high-earning Americans to pay for an infrastructure package : politics

todayMarch 20, 2021 1

Background
share close

Not to mention the current highest bracket is already 37%. If that increases to 39%, we’re talking about 2% higher taxes on income over $518,401 for single filers. If one makes $1,000,000 in a year, the additional tax would be $9,632. That’s right: A single person making $1 million a year will pay less than $10,000 more than the current tax brackets.

EDIT: This is all still up in the air and I simply upped the highest bracket from 37% to 39%. There is also talk of “over $400,000” so I’m not sure exactly where that fits in. Also, the proposed rate is 39.6%, not 39% but the point still stands. Anyone making $1M/year will not feel that difference.

Source link

Written by: admin

Rate it

Previous post

Entertainment

Khloe Kardashian Reacts To ‘Bullying’ About Her Appearance – 98bpm

Khloe Kardashian revealed how ‘bullying’ about her appearance takes a toll on her ‘confidence’ while reacting to an article that mocked her face. Khloe Kardashian wants people to “realize” how articles and comments mocking her appearance take a toll on her “soul.” The 36-year-old Keeping Up with the Kardashians star has suffered years of cruel comments for experimenting with her beauty looks, which came to a head when an outlet posted […]

todayMarch 20, 2021 7 1

Post comments (0)

Leave a reply


0%