The Trump Tax Reform is a very major deal. There are seven brackets in today’s individual tax code. The Senate version of the Trump Reform is not a windfall for the rich lowering their bracket from 39.6% to just 38.5%. The seven tax brackets currently are:
10%, 15%, 25%, 28%, 33%, 35%, and 39.6%.
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https://www.armstrongeconomics.com/world-news/taxes/the-trump-tax-cut-the-pass-through/
