Here are the new income tax brackets for 2019

[Yo_Mama_Been_Loggin]

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]

1. 12% on $9701? 37% on 500k? What is wrong with these people.

[Hermit-The-Prog]

2. how 'bout that greenback ceiling, eh?

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]

3. And then take 12% more from people who already pay payroll taxes and make

less than 10K per year.

They are just vile.

[Hermit-The-Prog]

6. we need the Senate in 2020

This Rotten Ronnie shit needs to be fixed. Those who have an irrational hatred of government are in decline.

[PSPS]

4. LOL. "Overtaxed" my ass!

The GOP expects (and gets) a portion of the windfall to the rich to be laundered back to them as "campaign contributions."

[GulfCoast66]

5. Well, a portion of this upper middle class families windfall,

Will be going to Democratic candidates and the ACLU.