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question everything

(49,552 posts)
2. Yes, my mistake. I was looking at the Minnesota One..
Wed Jan 15, 2025, 06:36 PM
Jan 15

And the IRS already has a correction for this year schedule. For married filing separately..

Oh well..

Response to question everything (Original post)

surfered

(4,972 posts)
4. There have been 7 brackets for quite a while, but the rates were reduced ..
Wed Jan 15, 2025, 06:45 PM
Jan 15

…in the Tax Cuts and Jobs Act of 2017; however, those brackets sunset 12/31/25 and who knows what they’ll do after that?

Callie1979

(555 posts)
5. Scrap the tax code & start over Its ridiculous.
Wed Jan 15, 2025, 07:06 PM
Jan 15

Start with a MINIMUM rate for anyone making over 1 million yearly.
Same with corporate taxes; set a MINIMUM rate to be paid.

walkingman

(8,856 posts)
6. Our entire tax code is extremely complicated for a reason - to provide special privilege
Wed Jan 15, 2025, 08:23 PM
Jan 15

to different segments of our society. Instead of equality, there are special cutouts to different segments. That will never change because there are huge numbers of people employed simply to help us taxpayers to navigate the system - accountants, tax preparers, lawyers, and many more.

As we transition to a Oligarchy I expect it to get worse not better - hope I'm wrong. ☮

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