Obama President and Republicans in Congress have finally reached an agreement provisional Monday to extend unemployment benefits and keep tax Bush-era cuts over the next two years.
Agreement, which still needs to be passed by Congress, would be lost to the Government of 450 billion dollars in 2011 to $ 600 billion revenue. That will be added at $13.8 trilllion deficit nation.
Families:
All taxes era Bush would be extended for two years for all American families, including the rich.
Obama wants to extend tax households making less than $250,000, while Republican legislators wanted a permanent extension rates.
Impact:The agreement continues the lowest rate of Bush's income tax less than $250,000 per year for couples and $ 200,000 for individuals.
US households with an average income of $49,777, will continue to keep his tax cut of $rubella.
A family whose earnings of $311,330, will keep $9,318 versus the $claimed the President wanted to keep.
Workers:
13 months of unemployment than the current limit of 99 weeks extension. The extension is intended to assist approximately 9 million Americans.
An security social reduction of income tax for employees, 6.2% to 4.2% for individuals.
Impact: For example, a worker making $40,000 per year receive some $800 tax relief and a worker earns $70,000 will receive $1,400.
Tax credit for children, the earned income tax credit and increases in college tuition (US tax credit Opportunity) adopted in 2009, as part of the stimulatory economic package tax credit would be extended.
Impact: Families would be allowed to get up to $2,500 per student tuition credit.
About 22 million families would be exempt from tax minimum alternative dreaded next year.
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