Nobody knows WHAT the brackets shall be, now, nor how many there shall be. It was supposed to be 3, now they're saying 4; perhaps more.
Nobody knows WHAT the brackets shall be, now, nor how many there shall be. It was supposed to be 3, now they're saying 4; perhaps more. Yes, they will likely add a 4th tier at $1m. It's likely the same top rate as today, it'll just start at more than 2x what it does today, so even someone making 1.2 million would see a 4.6% tax cut for $500k of income and larger in their first 500k.