GOVERNOR JACK
Progress starts here
TAX THE RICH
The numbers below are percentages for range of financial income and also the ramifications on the income tax per capita (financial setting) of course differing between married couples and single people. They mark the deduction of the federal income tax initiated under Governor Jack’s platform. They include a subtle increase in taxing by 2% and a raised line of capita by 1.7% for both married and joint filers. These findings do not take into account family, participation and other deductions.
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Married Joint Filers
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10%
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$0 - $23,050
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12%
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$23,050 - $81,400
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22%
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$92,800 - $198,000
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24%
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$198,000 - $319,000
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32%
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$378,000 - $480,000
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35%
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$480,000 - $720,000
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38%
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More than $720,000
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Single Filers
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10%
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$0 - $10,425
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12%
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$10,425 - $42,500
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22%
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$42,500 - $90,700
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24%
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$90,700 - $173,200
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32%
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$173,200 - $220,000
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35%
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$220,001 - $550,000
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38%
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More then $550,000
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Corporate Tax
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Our administration will impose a flat standard rate of 23.8 percent.
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Extra taxes will cause a difference of 0.5% - 2.3% increase per deductibles.
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Deductibles included
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Pollution
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Unethical but legal business practices
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The absence of a worker union
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Exceeding reasonable involvement in campaign sponsorship
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Slap suits
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Reluctant to publish tax report publicly
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Others are to be decided
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Family Tax
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Credit for children tax will become dependent on provide socioeconomic status
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This entails a higher credit distribution of up to 26% in the event of extreme poverty
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A similar credit cut will be put on families on the opposite end of the socioeconomic spectrum.
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It is also will be placed that dependents will be effectively made it affect tax deductions the same as children.
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Lower taxes on nonprofits and people in poverty
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The lower taxes on the non profit organizations is in response to their proven inability to succeed in the US economy. This tax deduction is only available to those who have a proven impact on the welfare of a substantial population, such as the lower working class.
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The poverty line will be moved up.
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In response to this one below the poverty line can apple for a 2% tax reduction if their earnings cause a substantial lack of basic needs in their area of residence.
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Taxes on energy
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Most energy taxes will follow suit with the Paris agreements.
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Otherwise we would like to implant at higher carbon tax
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We would also like to give small tax breaks for those who use alternative power sources
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This break can be up to 1.23%
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