Русский агент
Путин - мl
Republicans hope to push down the corporate tax rate, hoping to lower it from the current level of 35 percent to something in the low 20s.
They are also working to lower the tax rate paid by businesses that are organized in such a way that they pay through the individual income tax code.
Negotiators also want to simplify the tax code that individuals and families pay by eliminating certain tax brackets while also providing a large tax cut for the middle class.
White House officials are leaning toward preserving the top tax bracket for individuals at the current 39.6 percent.
They plan to offset some, but not all, of these rate reductions by cutting back on tax deductions that families and companies have used for years. This includes eliminating the ability to deduct state and local taxes from taxable income and curbing the ability of companies to deduct interest payments.
https://www.washingtonpost.com/business/economy/white-house-plan-for-tax-cuts-moves-forward/2017/09/21/d1482576-9eea-11e7-9c8d-cf053ff30921_story.html?utm_term=.fef149b3a656
They are also working to lower the tax rate paid by businesses that are organized in such a way that they pay through the individual income tax code.
Negotiators also want to simplify the tax code that individuals and families pay by eliminating certain tax brackets while also providing a large tax cut for the middle class.
White House officials are leaning toward preserving the top tax bracket for individuals at the current 39.6 percent.
They plan to offset some, but not all, of these rate reductions by cutting back on tax deductions that families and companies have used for years. This includes eliminating the ability to deduct state and local taxes from taxable income and curbing the ability of companies to deduct interest payments.
https://www.washingtonpost.com/business/economy/white-house-plan-for-tax-cuts-moves-forward/2017/09/21/d1482576-9eea-11e7-9c8d-cf053ff30921_story.html?utm_term=.fef149b3a656