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BumRushDaShow

(170,052 posts)
9. In the OP article is this
Tue Oct 22, 2024, 03:32 PM
Oct 2024
After 2025, lower taxes enacted by former President Donald Trump will sunset without action from Congress. If the provision expires, the tax brackets will revert to 2017 levels, shifting to 10%, 15%, 25%, 28%, 33%, 35% and 39.6%.


See - they don't want that 37% to go back to the 39.6% rate.

IMHO, it SHOULD go back up to what it was before Raygun screwed with it -

H.R.4242 - Economic Recovery Tax Act of 1981 (top tax rate went from 70% to 50%)

H.R.3838 - Tax Reform Act of 1986 (top tax rate went from 50% to 28%)




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