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Leaders Expect Tax Bill to Pass Senate Easily
[Home Edition]
Los Angeles Times (pre-1997 Fulltext) - Los Angeles, Calif.
Author: MICHAEL WINES
Date: May 8, 1986
Start Page: 1
Section: 1; National Desk
Text Word Count: 1676
 Abstract (Document Summary)

=High-income taxpayers ($75,000 for couples, $45,000 for singles) would pay 27% on some or all of the first bracket. Current law

=Top rate applies to income above $100,000 for couples, $60,000 for singles.

=Additional interest deduction limited to $20,000 ($10,000 for singles)^ Individual RetirementAccounts Finance Committee bill

Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.
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