I’m glad, but disappointed also. Astonishing how much blood sweat and tears it takes for these corrupt politicians to make such small cuts.
The cuts should be MUCH greater (10-15% flat) and the brackets should disappear. Launch our economy into the stratosphere and turn the IRS into a storefront.
Much more work needs to be done. This should only be the first shot over the bow.
Analysis from Forbes below...
And here are the rates for married taxpayers filing jointly:
Income Level Current Rate Proposed New Rate
$0 - $19,050 ......10%...............10%
$19,050-$77,400 15% ............12%
$77,400-$156,150 25% ...........22%
$156,150-$165,000 28% .........22%
$165,000-$237,950 28% .........24%
$237,950-$315,000 33% .........24%
$315,000-$400,000 33% .........32%
$400,000-$424,950 33% .........35%
$424,950-$480,050 35% .........35%
$480,050-$600,000 39.6%.......35%
> $600,000 39.6%....................37%
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>> “I’m glad, but disappointed also. Astonishing how much blood sweat and tears it takes for these corrupt politicians to make such small cuts.” <<
Truly!
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