So let's actually start to work on what's actually coming for us next year. These are the expiring tax provisions next year. And this is going to make sense in a little bit. So If you make $20,550 to 83,000 today, your current income tax rate...is 12%. It's going up to 15. rate, not your Social Security, not your FICA tax, those things, your current tax rate is 12% of your income. It's going up to 15. (03:37–03:58)
CLAIM
Asserts that the income tax rate for certain income brackets will increase from 12% to 15%.
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