So what exactly are the ‘wealthy’ Americans making more than $200,000 (single) and $250,000 (married) going to lose? Will it be lower tax rates or deductions? Or both? See this post from the Washington News in the UCLA Planned Giving Site to get more details:
http://www.legacy.ucla.edu/?pageID=38
Whatever it ends up being, sounds like they will pay more taxes, although the people making more than $1 million will probably be hit the hardest. Let’s see how it unfolds and I will keep you posted!
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