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Sunday, September 16, 2018

Democrat Tax Increase



The Congressional Democrats unveiled their plans to hike taxes if they retain the House and Senate following the November elections.

Here's the taxes they plan to hike:
  • Increase the corporate income tax rate from 21 percent to 25 percent. 
  • Bring back the alternative minimum tax (AMT) for 4 million families.
  • Cut the "death tax" standard deduction in half.
  • Increase the top marginal income tax rate from 37 percent to 39.6 percent. 
For details, go here.


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