The Proposed Tax Cut


iconSince major media seems to be ignoring it, Neal has offered to publish the tax brackets for the proposed tax cut plan. As you can see, cuts are being made across the board. There are also cuts for dividends and capital gains, which should lessen the penalty for investing.





2002 Tax RateCurrent Tax RateProposed Tax Rate
15%
10%
10%
28%
27%
25%
31%
30%
28%
35%
33%
33%
39.6%
38.6%
35%

Unless you make less than $6000 a year and don't do any investing (401k, stocks, mutual funds, etc.) you WILL get a tax cut.



Comments (2)      top   link me

Comments

Oh, but that means all the "rich" people gets the tax cuts on the backs of the poor people - gag.

Posted by: bogie at May 22, 2003 6:44 AM

I know it sounds socialist & all, but 4.6% for the higher brackets?? shouldn't the bigger cut be in the middle %'s??

oh, who cares... it'll put slightly more money in my pocket and that's all I really care about.

Posted by: Jim S at May 22, 2003 1:55 PM

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