Word: brackets
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Dates: during 2000-2009
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...Fund company T. Rowe Price found that the same $5,000 yearly investment by a taxpayer in the 28% bracket over 18 years resulted in total savings of $287,704 in a new 529 plan, $250,157 in a custodial account (under the Uniform Gift to Minors Act) and $224,527 in a taxable account, based on a 10% rate of return. The gap narrows over shorter durations. After just five years, the same investment produces $38,520 in a 529 plan, $37,368 in a custodial account and $34,587 in a taxable account...
Income will be taxed at lower rates. The top 39.6% level will drop in stages to 35% by 2006. Several other rates will fall gradually as well: 36% to 33%, 31% to 28%, 28% to 25%. The 15% bracket remains unchanged, except that the first $6,000 in income for singles and $12,000 for couples will be taxed at a new 10% rate effective July...
Beginning in 2005, a married couple's standard deduction will be raised gradually until it equals twice that of a single taxpayer's; more of the couple's income will also fall into the 15% bracket...
...mean the Dems are without grounds in battling Bush on tax cuts. The bulk of the Senate plan, which Bush favors, produces 62% of the tax savings more than five years from now. The main near-term relief comes in the form of a reduction in the lowest tax bracket. The plan would cut the tax rate on the first $12,000 of income for couples ($6,000 for singles) from 15% to 10%, reducing almost every earner's tax bill...
...defending Stanley Cup Champions and reigning beasts of the Eastern Conference against the President’s Trophy winner from the West. Not since 1989 has the top team from each bracket advanced to the finals, setting the stage for one of the most memorable seven-game series in recent memory...