Republican Tax Plan Seeks Sharp Cuts for Businesses, Condenses Individual Rates - Kedai Saham
Loading...

Post Top Ad

Your Ad Spot

Thursday, September 28, 2017

Republican Tax Plan Seeks Sharp Cuts for Businesses, Condenses Individual Rates

Latest News : Republican Tax Plan Seeks Sharp Cuts for Businesses, Condenses Individual Rates

A Republican plan to overhaul the U.S. tax code proposes to sharply reduce tax rates on businesses and many individuals--kicking off an effort by President Trump and congressional leaders to build momentum for a legislative push in the months ahead.

The plan calls for a 20% corporate rate, down from the current 35%. Other businesses, which pay taxes through their owners' individual returns, would get a 25% top rate with unspecified rules that would prevent some wealthy business owners from paying that rate on what is considered wage income.

The individual rates would be set at 12%, 25% and 35%, with the option of a fourth, higher rate on the highest-income households, collapsing the individual tax structure from seven brackets to three or four. The plan would repeal the estate tax and impose a one-time tax on U.S. companies' stockpiled foreign earnings.

Impact : Strong
Sentiment : Good for Dollar

Contact Person :
Ghinie
HP : 082135656333
PIN : 2B8F7267
Email :kedaitrader@zoho.com
Website : www.kedaitrader.com

No comments:

Post a Comment

Post Top Ad

Your Ad Spot