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The top rate is currently 20%, and the proposal calls for 15%. The plan would also eliminate the so-called net investment income tax, or NIIT, an extra 3.8% levy on assets once modified adjusted ...
That aspect of the plan was being led by Jeffrey Clark, a contributor to the project and former official in Trump's Department of Justice. [39] [41] Clark is a senior fellow at the Center for Renewing America, a Project 2025 partner. [163] The plan reportedly includes directing the DOJ to pursue those Trump considers disloyal or political ...
Individuals making under $168,000 a year would pay 15%. It would also eliminate most deductions, credits and exclusions. Project 2025 also proposes lowering the corporate income tax from 21% to 18%.
The wealth gap between Caucasian and African-American families studied nearly tripled, from $85,000 in 1984 to $236,500 in 2009. The study concluded that factors contributing to the inequality included years of home ownership (27%), household income (20%), education (5%), and familial financial support and/or inheritance (5%). [11]
On January 20, the WHO and China confirmed that human-to-human transmission had occurred. [5] The first report of a COVID-19 case in the U.S. came on January 20, in a man who returned on January 15 from visiting family in Wuhan, China, to his home in Snohomish County, Washington. He sought medical attention on January 19. [2]
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords as he tries to show he's doing something about the high cost of housing, according to a ...