Not exact matches
Many married couples will see a substantial reduction,
as will
wealthy taxpayers, with the top rate dropping from 39.6 % to 33 %.
Democrats have characterized the bill
as benefiting corporations and the
wealthy at the expense of middle - class and poorer
taxpayers.
But in many such countries the would - be-immigrant can get around this if they are
wealthy and are willing to post a surety bond
as insurance against becoming a burden to the local
taxpayers.
He said that the
wealthy - or those with the «broadest backs»,
as he called them - had to make a fair contribution and that trying to create a system to deal with the «two basic - rate
taxpayers with a combined income of more than # 44,000» anomaly would be terribly complicated.
«Eliminating the state and local deduction, while slashing taxes for the
wealthy and huge corporations, will hurt middle - class
taxpayers, and various attempts at a «compromise» are just
as bad,» Schumer said.
For instead of allowing the institutions that made risky loans and failed in their fiduciary responsibilities to go under
as part of capitalism's «creative destruction,» the bad actors were rescued with government funds and rewarded with
taxpayer bailouts — socialism for the
wealthy.
For
wealthy taxpayers, current maximum rates of 35 % could revert to old rates
as high
as 39.6 %.