Democrats Release Tax Hike Plan - News Summed Up

Democrats Release Tax Hike Plan


Here are the details:Increase the top marginal income tax rate from 37 percent to 39.6 percent. Hiking the top tax rate is a small business tax increase. They will continue to see those bigger paydays for as long as the tax rates in law remain in effect. Increase the corporate income tax rate from 21 percent to 25 percent. Up until this year, the United States labored under the highest corporate income tax rate in the developed world.


Source: Forbes March 09, 2018 15:56 UTC



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