Sentences with phrase «proposed ordinary income tax rates»

Not exact matches

Trump proposed changing the individual tax rate structure to one of just three brackets on ordinary income of 12 %, 25 % and 33 %.

The day after the Journal story appeared, Senators Max Baucus and Chuck Grassley proposed legislation that would subject private - equity partnerships like Blackstone, whose earnings had been taxed at the lower rate of «passive income,» to ordinary corporate income taxes.

Essentially, in certain circumstances, this proposed measure will limit the tax deferral advantage available on «new» (i.e. post 2018) ABI to the difference between the personal tax rate on ordinary income and the tax rate on ABI earned in a corporation that is not eligible for the SBD rate.

Under proposed legislation, it would be taxed as ordinary income, which could drive up the rate to as high as 35 %.