Sentences with phrase «households in higher tax brackets»

That's because these tax subsidies are structured as deductions and exclusions, which provide bigger subsidies to households in higher tax brackets.

Not exact matches

The former means transferring income from a high - tax - bracket person in your household to one in a lower bracket.

In addition, Professor Kim extended the Sanders proposal with both higher top bracket tax rates and the redistribution of tax revenue from taxpayers in the three highest tax brackets (with incomes $ 500,000 or more) to lower - income householdIn addition, Professor Kim extended the Sanders proposal with both higher top bracket tax rates and the redistribution of tax revenue from taxpayers in the three highest tax brackets (with incomes $ 500,000 or more) to lower - income householdin the three highest tax brackets (with incomes $ 500,000 or more) to lower - income households.

Prior to her resignation, your two - income household put you in a higher tax bracket that could mean a capital gains rate of 15 %.

To be clear, the $ 1,000 in additional credit for each child will be more than the benefit from the personal exemption they would have been entitled to for many taxpayers, especially for middle - income households in the lower tax brackets and people whose incomes were formerly too high to use the credit at all.