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It cut individual income tax rates, doubled the standard deduction, and eliminated personal.

The Classification Amendment of allows communities to shift a portion of the residential tax burden onto commercial, industrial, and personal property taxpayers. This is why, like many other cities and towns in the Commonwealth of Massachusetts, Wakefield has a lower residential tax rate and a higher commercial tax bushcutting.buzzted Reading Time: 3 mins.

Before the tax cuts, the highest marginal income tax rate was percent. After the cuts, the highest rate was 35 percent. Once the cuts were eliminated for high income levels (single people making,+ per year and couples making,+ per year), the top income tax Estimated Reading Time: 12 mins. Oct 23, The biggest tax policy changes enacted under President George W. Bush were the 20tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA).

High-income taxpayers benefitted most from these tax cuts, with the top 1 percent of households receiving an average tax cut Estimated Reading Time: 11 mins. May 14, Since the last post on this topic went off on a tangent of other issues, I thought it would be good to post an excelent analytical article from the Washington Post.

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Now this article is short, non-partisan and actually informative. Quote: Analysis Bush Blunts 'Fairness Question' on Taxes President's 'Class Warfare' Rhetoric Brings Support for Cuts Skewed to the Wealthy By Jonathan WeismanMissing: Wakefield MA. Jan 02, With Tuesday’s House vote, the George W. Bush tax cuts, born inreach a new milestone.

Originally scheduled to expire at the end ofthey Missing: Wakefield MA. Our treasurer maintains adequate liquidity and ensures compliance with the Massachusetts General Laws, Town of Wakefield ordinances, and any other applicable financial mandates. The Treasurer is also responsible for all municipal borrowings and is the custodian of the.