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[11] [13] [14] [15] Legal experts have said it would undermine the rule of law, [16] separation of powers, [5] separation of church and state, [17] and civil liberties. [5] [16] [18] Project 2025 envisions widespread changes to economic and social policies and the federal government and its agencies.
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 ...
Individuals making over $168,000 a year would pay 30% in federal income tax. Individuals making under $168,000 a year would pay 15%. It would also eliminate most deductions, credits and exclusions ...
If the balance is not paid in full by the end of a monthly billing period, the remaining balance will roll over or "revolve" into the next month. Interest will be charged on that amount and added to the balance. A revolving account is a form of a line of credit, typically subject to a credit limit; not all credit cards have a credit limit. [94]
By the end of 2007, 15 institutions with combined shareholder equity of $857 billion had total assets of $13.6 trillion and off-balance-sheet commitments of $5.8 trillion—a total leverage ratio of 23 to 1. They also had underwritten derivatives with a gross notional value of $216 trillion.
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