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The Wall Street Journal
The Wall Street Journal
The Wall Street Journal
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@WSJ

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The Wall Street JournalVerified account

@WSJ

Breaking news and features from the WSJ.

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wsj.com
Joined April 2007

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    The Wall Street Journal‏Verified account @WSJ 2 Nov 2017

    The GOP tax bill would collapse the current seven individual tax brackets into four: 12%, 25%, 35% and 39.6%. http://on.wsj.com/2zrtOQ6 pic.twitter.com/1jRiOhQwTx

    8:58 AM - 2 Nov 2017
    • 190 Retweets
    • 199 Likes
    • Andrew Magloughlin FOLLOW HELP 💧 Macro Irene polo Batuhan Pekbalto Reiko lee pono Okoro Solomon Wingate Economics
    47 replies 190 retweets 199 likes
      1. New conversation
      2. The Wall Street Journal‏Verified account @WSJ 2 Nov 2017

        For individuals, those break points are $45,000, $200,000 and $500,000. http://on.wsj.com/2A0cIoQ pic.twitter.com/INfSdbIvVU

        11 replies 60 retweets 59 likes
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      3. The Wall Street Journal‏Verified account @WSJ 2 Nov 2017

        For married couples, the 25% rate starts at $90,000, the 35% rate starts at $260,000 and the top rate starts at $1 million.pic.twitter.com/AIDOgJpuFl

        17 replies 65 retweets 66 likes
        Show this thread
      4. The Wall Street Journal‏Verified account @WSJ 2 Nov 2017

        The new bottom tax rate covers more income than current 10% and 15% brackets do, meaning lower taxes for many middle-income households.

        18 replies 45 retweets 69 likes
        Show this thread
      5. The Wall Street Journal‏Verified account @WSJ 2 Nov 2017

        Many upper-income households could face a higher marginal tax rate under the bill, which pushes some from a 33% bracket into 35%.

        17 replies 33 retweets 55 likes
        Show this thread
      6. The Wall Street Journal‏Verified account @WSJ 2 Nov 2017

        You can follow our live coverage of the GOP tax bill here:http://on.wsj.com/2zr5D4n 

        19 replies 13 retweets 29 likes
        Show this thread
      7. End of conversation
      1. New conversation
      2. Sami K.‏ @SamiKohvakka_ 2 Nov 2017
        Replying to @LubnaArikat @WSJ

        Technically, you can’t really tax companies, only people that work there and get salary/wage/whatever or those people that own the company.

        1 reply 0 retweets 0 likes
      3. Sami K.‏ @SamiKohvakka_ 2 Nov 2017
        Replying to @SamiKohvakka_ @LubnaArikat @WSJ

        Corporate profits belong to the owners and are either drawn as dividends or used to increase profits in the future.

        0 replies 1 retweet 2 likes
      4. End of conversation
      1.  🌊IRNews 🌊‏ @UnsourcedNews 2 Nov 2017
        Replying to @WSJ

        Trump’s Tax Cut Would Leave Billionaires Trillionlesshttp://wp.me/p9dVsl-eb 

        0 replies 1 retweet 3 likes
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      1. Woody  🕙‏ @AmericanGr8ness 2 Nov 2017
        Replying to @WSJ

        Appears taxes go down for two lowest brackets and pretty much stays same for top brackets.

        0 replies 1 retweet 2 likes
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      1. Nick Payne‏ @NicholasBPayne 2 Nov 2017
        Replying to @WSJ

        Gay. Should be a 10% flat tax on every individual and corporation. A real 10%, though, no cheating.

        0 replies 1 retweet 1 like
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      1. Jaime Delacroix‏ @chiefanalyst49 2 Nov 2017
        Replying to @WSJ

        People should also realize that they will pay a higher tax rate if their income exceeds a certain level. This plan is smoke & mirrors!

        0 replies 0 retweets 2 likes
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      1. Roni Bell Sylvester‏ @RoniSylvester 2 Nov 2017
        Replying to @WSJ

        As long as one's "income" is taxed, taxes will NEVER be fair. "Income" tax must be abolished and replaced with a consumption only.

        0 replies 0 retweets 2 likes
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      1. jamesb‏ @jamesbPDog 2 Nov 2017
        Replying to @WSJ

        This IS a tax INCREASE for Middle Class Americans as it currented proposed....

        0 replies 0 retweets 2 likes
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      1. MaryLouise ButlerCRS‏ @mlbhomes 3 Nov 2017
        Replying to @WSJ

        Easy to understand graph. Thanks!

        0 replies 0 retweets 1 like
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      1. Joseph Sabol‏ @Chem_Consult 2 Nov 2017
        Replying to @WSJ

        .@SpeakerRyan but the GOP plan eliminates AMT and estate tax (currently, estate value > $5.49M is taxable) big cut to the upper class

        0 replies 0 retweets 1 like
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      1. Larry Gibson #Resist #FBR #Bluewave‏ @lmg447 2 Nov 2017
        Replying to @WSJ

        Most of us will stay right where we are 25%. Hell of a price to pay to make rich people richer.

        0 replies 0 retweets 1 like
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      1. Burt Mackland‏ @Turing_Tested_ 2 Nov 2017
        Replying to @WSJ

        This tax bill is ridiculous... Its a tax giveaway for the wealthy! If ur lucky, ur taxes may be $100 less per month unless ur a millionaire.

        0 replies 0 retweets 1 like
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      1. Eve Mauer‏ @eamauer1 2 Nov 2017
        Replying to @WSJ

        How are they paying for it? GOP, Answer that question, the deficit matters! #NoCutsForTheRich #TrumpTaxScam

        0 replies 0 retweets 1 like
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