Interpreted Prediction
For single filers, the new tax law reduces tax rates for several income brackets and shifts the income thresholds for these brackets. Specifically, the 25% bracket drops to 22% up to $103k, the 28% bracket drops to 24% up to $197k, the 33% bracket drops to 32% up to $4M, the 35% bracket extends to $626k, and the top rate drops from 39.6% to 37% for income over $626k.
Prediction Details
Topic