Sentences with phrase «number of income tax brackets»

The House bill would also slash the number of income tax brackets from seven to four: 12 percent, 25 percent, 35 percent and 39.6 percent.

The plan would reduce the number of income tax brackets, raise the child tax credit and preserve popular retirement savings plans.

Bush would reduce the number of income tax brackets from seven to just three, with a top tax rate of 28 percent, as opposed to its current rate of 39.6 percent.

The legislation aims to simplify the tax code by slashing itemized deductions and cutting down the number of income tax brackets.

While most states followed the federal government's lead in reducing the number of income tax brackets in the 1980s, there has been a lot of regression.

Republican leaders have released a framework of their tax plan which would reduce the number of income tax brackets from seven to three, lower the corporate tax rate and eliminate several deductions.

The proposal would reduce the number of income tax brackets from seven to three, cut the corporate tax rate and eliminate the estate tax.

It reduces the number of income tax brackets from seven to four and doubles the standard deduction for single filers and couples.

The House GOP plan would reduce the number of income tax brackets from seven to four, double the standard deduction for single filers and couples, increase the child tax credit and lower the corporate tax rate.