Tuesday, March 12, 2013

.@RepPaulRyan Here's The Huge Tax Cut That Rich People Will Get Under Paul Ryan's Budget #p2 #tcot

source http://www.businessinsider.com/heres-the-huge-tax-cut-that-rich-people-will-get-under-paul-ryans-budget-2013-3?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Politics%20Select&utm_campaign=Politics%20Select%202013-03-12&utm_content=emailshare

As part of Paul Ryan's plan, the top tax rate would be substantially reduced.

Currently the highest tax bracket is 38%.

These bullet points are from Paul Ryan's plan:

  • Simplify the tax code to make it fairer to American families and businesses.  
  • Reduce the amount of time and resources necessary to comply with tax laws.     
  • Substantially lower tax rates for individuals, with a goal of achieving a top individual rate of 25 percent.  
  • Consolidate the current seven individual-income-tax brackets into two brackets with a first bracket of 10 percent.     
  • Repeal the Alternative Minimum Tax.     
  • Reduce the corporate tax rate to 25 percent.     
  • Transition the tax code to a more competitive system of international taxation.

For more from the plan, see here >


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