Sentences with phrase «abolished minimum income»

Back in May this year, AMEX relaxed their criteria for applying for their credit cards considerably and abolished minimum income requirements in the process.

Not exact matches

' cents Simplifying the tax code by abolishing the alternative minimum tax and taxing instead «consumed income.»

In effect, government will abolish income tax on the incomes of minimum wage earners.

This means income tax for minimum wage earners has essentially been abolished.

It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self - employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.

Under one version of the proposal, about 1 million families would be hit with a 4.3 percent surtax on income over $ 500,000, which would raise enough money to permit Congress to abolish the alternative minimum tax for millions of households earning less than $ 250,000 a year, according to Democratic aides and others familiar with the plan.