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Federal Tax Bill Revealed With Surtax Revisions
Washington reports the new tax bill text released by Chairman Green outlines sweeping reductions in surtax rates, a 3 percent normal tax, and a board of tax appeals. It details thresholds from $10,000 to $100,000 plus 25 percent surtax on excess income, and broad administrative changes to tax collection.
MENTIONED IN THIS ARTICLE
Washington
Green
House
Ways and Means Committee
Congress
Mellon
Democratic Committee
Representative Garner
Texas
Treasury
Board of Tax Appeals
Secretary of the Treasury
Senate