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Federal Insurance Contributions Act tax - Wikipedia

The Center on Budget and Policy Priorities states that three-quarters of taxpayers pay more in payroll taxes than they do in income taxes. [8] The FICA tax is considered a regressive tax on income with no standard deduction or personal exemption deduction. The Social Security portion of the tax is imposed on the first $117,000 in 2014, $118,500 in 2015 and 2016, $127,200 in 2017, and $128,400 in...  [more...]

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For the Non-Rich, the Child Tax Credit Is the Key to Tax ...

Repeal "numerous other exemptions, deductions, and credits"

Repeal personal exemptions

Partial limit on business deduction for net interest

Repeal non-charity/mortgage itemized deductions

Index to chained Consumer Price Index

Repeal of non-section 199 business tax provisions

Cap passthrough rate at 25 percent

Cut corporate rate to 20 percent & repeal corporate A.M.T.

Fully expense equipment...  [more...]

3 Articles for this topic

 
 

Federal Insurance Contributions Act tax - Wikipedia

The Center on Budget and Policy Priorities states that three-quarters of taxpayers pay more in payroll taxes than they do in income taxes. [8] The FICA tax is considered a regressive tax on income with no standard deduction or personal exemption deduction. The Social Security portion of the tax is imposed on the first $117,000 in 2014, $118,500 in 2015 and 2016, $127,200 in 2017, and $128,400 in...

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Date: 2018-04-03 05:20:53
Website: https://en.wikipedia.org

For the Non-Rich, the Child Tax Credit Is the Key to Tax ...

Repeal "numerous other exemptions, deductions, and credits"

Repeal personal exemptions

Partial limit on business deduction for net interest

Repeal non-charity/mortgage itemized deductions

Index to chained Consumer Price Index

Repeal of non-section 199 business tax provisions

Cap passthrough rate at 25 percent

Cut corporate rate to 20 percent & repeal corporate A.M.T.

Fully expense equipment...

Read more


Website: nytimes.com