PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Send a file File manager PDF Toolbox Search Help Contact


Supposed GOP Tax Bill Friday night at 614pm.pdf


Preview of PDF document supposed-gop-tax-bill-friday-night-at-614pm.pdf

Page 1 2 3 456479

Text preview


O:\OTT\OTTl 7834.xml [file 2 of 5]

S.L.C.

4
1

plied in lieu of the table contained in subsection

2

(c):
"If taxable income is:
Not over $9,525 ........................................
Over $9,525 but not over $38, 700 ............
Over $38,700 but not over $70,000 ..........
Over $70,000 but not over $160,000 ........
Over $160,000 but not over $200,000 ......
Over $200,000 but not over $500,000 ......
Over $500,000 ...........................................

The tax is:
10% of taxable income.
$952.50, plus 12% of the excess
over $9,525.
$4,453.50, plus 22% of the excess
over $38,700.
$11,339.50, plus 24% of the excess
over $70,000.
$32,939.50, plus 32% of the excess
over $160,000.
$45,739.50, plus 35% of the excess
over $200,000.
$150,739.50, plus 38.5% of the excess over $500,000.

3

"(D) MARRIED INDIVIDUALS FILING SEPA-

4

RATE RETURNS.-The following table shall be

5

applied in lieu of the table contained in sub-

6

section (d):
"If taxable income is:
Not over $9,525 ........................................
Over $9,525 but not over $38, 700 ............
Over $38,700 but not over $70,000 ..........
Over $70,000 but not over $160,000 ........
Over $160,000 but not over $200,000 ......
Over $200,000 but not over $500,000 ......
Over $500,000 ...........................................

The tax is:
10% of taxable income.
$952.50, plus 12% of the excess
over $9,525.
$4,453.50, plus 22% of the excess
over $38,700.
$11,339.50, plus 24% of the excess
over $70,000.
$32,939.50, plus 32% of the excess
over $160,000.
$45,739.50, plus 35% of the excess
over $200,000.
$150,739.50, plus 38.5% of the excess over $500,000.

7

"(E) ESTATES AND TRUSTS.-The fol-

8

lowing table shall be applied in lieu of the table

9

contained in subsection (e):