... unending cycle of obligations to elderly beneficiaries. Not only are the perceptions of and reactions to this tax cut varied and inconsistent, but all those who have a certain opinion on the matter have also obscured the economic numbers that should reveal the truth. These discrepancies have also been compounded by the timely change in the method of determining surpluses in the government ... part of the plan is to "simplify" the marginal tax rate structure by reducing the number of brackets from 5 to 4. The original brackets were at 15, 28, 31 36, and 39.6 percent as compared to the ne...

• Word Count: 2226
• Approx Pages: 9
• Grade Level: Undergraduate