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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHere are the new income tax brackets for 2019
Prepare your calculators. The Internal Revenue Service has updated its tax brackets for 2019.
This year marks the first under the new Tax Cuts and Jobs Act, an overhaul of the tax code that resulted in lower individual income tax rates, a doubled standard deduction and the elimination of personal exemptions.
For the new year, the IRS has bumped up the individual income tax brackets, adjusting them for inflation.
See below for your new bracket:
https://www.msn.com/en-us/money/taxes/here-are-the-new-income-tax-brackets-for-2019/ar-BBPMjs9?li=BBnb7Kz
Squinch
(50,949 posts)Hermit-The-Prog
(33,342 posts)It almost looks like GOPers want the richest donors, er, I mean, taxpayers to be mostly untouched. Let 'em suck down all the public services and exploit the economy that they don't support or create.
Squinch
(50,949 posts)less than 10K per year.
They are just vile.
Hermit-The-Prog
(33,342 posts)This Rotten Ronnie shit needs to be fixed. Those who have an irrational hatred of government are in decline.
PSPS
(13,594 posts)The GOP expects (and gets) a portion of the windfall to the rich to be laundered back to them as "campaign contributions."
GulfCoast66
(11,949 posts)Will be going to Democratic candidates and the ACLU.