Saturday, February 4, 2012 | Privacy Policy
Politics:
Six Months to Go Until The Largest Tax Hikes in History
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates.
View Source: http://www.atr.org/files/files/070110pr-jan2011taxes.pdf
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