“RUMORED”
So the 10% bracket will increase to 12% and the breakpoint will be increased so more tax will be levied for this bracket?
Or will the breakpoint be lowered moving present 10% income into a 15% bracket?
I expect and has been rumored the initial proposed ranges/break point (Married) for 12% will be $0-$75,900, 25% for $75,901-$418,400 and 35% for $418,401+. We’ll see if I’m right.