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US House of Representatives announces a different plan for tax reform
09 November 2017 11:44 PM
Direct: The Senate unveiled a tax reform plan that differs in key points from its counterpart in the House of Representatives .
On Thursday, the Senate Finance Committee issued its tax reform plan, which maintains the seven segments of the individual tax in the new law, reducing the 15% to 12%, while the highest level is 38.5%, according to CNBC .
The House of Representatives' plan, announced last week, includes three segments of the tax on individuals at 12%, 25% and 35%, as well as the richest section may reach 39.6 %.
The Senate's tax reform plan proposes a tax cut of 20 percent for companies, instead of 35 percent, such as the House of Representatives, but implementation should be delayed for 2019 .
The plan of the two chambers agreed not to make any changes to the 401K pension plan, the high level of tax relief for $ 12,000 for individuals and $ 24,000 for families .
According to the Senate plan, the mortgage interest discount, which allows up to $ 1 million, will not change, while the House of Representatives has revealed future home purchases of up to $ 500,000.
https://www.mubasher.info/news/3185608/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D8%AE%D8%B7%D8%A9-%D9%85%D8%BA%D8%A7%D9%8A%D8%B1%D8%A9-%D9%84%D9%84%D8%A5%D8%B5%D9%84%D8%A7%D8%AD-%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D9%8A
The plan of the two chambers agreed not to make any changes to the pension plan "401K"
09 November 2017 11:44 PM
Direct: The Senate unveiled a tax reform plan that differs in key points from its counterpart in the House of Representatives .
On Thursday, the Senate Finance Committee issued its tax reform plan, which maintains the seven segments of the individual tax in the new law, reducing the 15% to 12%, while the highest level is 38.5%, according to CNBC .
The House of Representatives' plan, announced last week, includes three segments of the tax on individuals at 12%, 25% and 35%, as well as the richest section may reach 39.6 %.
The Senate's tax reform plan proposes a tax cut of 20 percent for companies, instead of 35 percent, such as the House of Representatives, but implementation should be delayed for 2019 .
The plan of the two chambers agreed not to make any changes to the 401K pension plan, the high level of tax relief for $ 12,000 for individuals and $ 24,000 for families .
According to the Senate plan, the mortgage interest discount, which allows up to $ 1 million, will not change, while the House of Representatives has revealed future home purchases of up to $ 500,000.
https://www.mubasher.info/news/3185608/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D8%AE%D8%B7%D8%A9-%D9%85%D8%BA%D8%A7%D9%8A%D8%B1%D8%A9-%D9%84%D9%84%D8%A5%D8%B5%D9%84%D8%A7%D8%AD-%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D9%8A
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