Sentences with phrase «individual low earners»

Not exact matches

The system could be expanded to include taxpayers with income from dividends, interest, pensions, individual retirement account distributions, and unemployment insurance benefits, as well as low - income earners qualifying for the earned income tax credit (EITC).

The plan would lower the top individual tax rate, paid by the nation's top earners, to 35 percent from 39.6 percent.

The Hedge Clippers analysis argues that the massive sums from the hedge fund industry have helped create a system where wealthy individuals pay «nowhere near their fair share» due to tax policies that favor the rich, including a low tax bracket on upper - income earners and on «carried interest» profits, as well as the recent elimination of the «alternative minimum tax.»

They do not have to follow a strict code and can, therefore, offer credit to low - income earners and individuals with poor credit score.

This method of taxation aims to fairly tax individuals based upon their earnings, with low - income earners being taxed at a lower rate than higher income earners.

The Income - Driven Repayment Program intends to support low - income earners by setting a monthly payment based on certain percentage of an individual's discretionary income.

, «Middle Income Access to Justice» (University of Toronto Press, 2012), the «Introduction» states in part (p. 4): «For our purposes, when we refer to middle income earners, we are contemplating the large group of individuals whose household income is too high to allow them to qualify for legal aid, but too low, in many cases, for them to be in a position to hire legal counsel to represent them in a civil law matter.

Asked to confirm that the top individual rate will be 35 percent, the president sidestepped the question and focused on the bottom rate — which affects the lowest earners.

It offers an array of temporary tax breaks for individuals and other types of businesses — including rate cuts that will tend to favor the highest earners and an increased standard deduction that benefits low - and middle - class workers.