Rates Proposed by House’s Tax Bill

The tax bill released by the House Ways and Means Committee proposes significant changes to both individual and corporate rates. The corporate tax rate will be lowered from 35% to 20% while the rate on “pass-through” businesses will be lowered to 25%. On the individual side, tax rates will be consolidated into four brackets: 12%, 25%, 35% and 39.6%.

Read more: Policy Highlights – The Tax Cuts & Jobs ActCommittee on Ways and Means – Tax Cuts & Jobs Act


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