Not exact matches
In a break from the House plan, which kept the top
marginal income tax
rate at the current 39.6 percent, the Senate bill would slightly lower it to 38.5 percent — a win for advocates of supply - side economic theory who argue that a lower top
rate will
grow the economy.
In Q4, agriculture, crude petroleum and natural gas, construction, transport, utilities, hotels and restaurants, professionals, administrative and support services, arts, entertainment and recreation were all
growing at disparate
rates of growth, some
marginal, but
growing all the same, unlike the poor state of sectors even as
at the end of the third sectors.
Savings will
grow at an interest
rate of 1.0 %
at best, less 25 % (or whatever your
marginal tax
rate is).
Yes, all the money that has
grown over the years will now be taxed
at your
marginal tax
rate.
The figures are based on the assumptions that salary
grows at an average of 5 % year - on - year, tax is payable
at a
marginal rate, and the interest earned on EPF stands
at an average
rate of 8.5 %.