Tags » Tax Rate
The corporate tax rate is not the only important tax cut affecting businesses that’s being considered in the Republican tax bills. The pass-through tax rate affects millions of small businesses, and has been a point of debate and dealing. 20 more words
Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep.” This is the phenomenon by which people are pushed into higher income tax brackets or have reduced value from credits or deductions due to inflation, instead of an increase in real income. 296 more words
Pictured: Rep. Chris Collins, R-N.Y.
ㅤ”We are convinced middle-income people whether from New York or Alabama, are going to save money,’ said Rep. Chris Collins, R-N.Y. 80 more words