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#37 | |
Living Legend
Join Date: Sep 2010
Location: Hanahan, South Carolina
Age: 42
Posts: 20,609
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Re: The Last 4 Years.
Quote:
Income Tax Rates: The law retained the seven individual income tax brackets. The top rate fell from 39.6% to 37%, while the 33% bracket dropped to 32%, the 28% bracket to 24%, the 25% bracket to 22%, and the 15% bracket to 12%. The lowest bracket remained at 10%, and the 35% was unchanged. The only people that got "screwed" were the people in the 33% and 35% tax brackets. They only got a 1% or 0% cut, respectively. Anyone below that got a bigger tax cut than the wealthiest people.
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