Senate and House Republicans have different ideas about what your tax bracket should be — here's the divide in two charts

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•  Kathmandu:november11/29/2017/wednesday /Birbal Tamang.
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• Income tax brackets could change in 2018 if tax legislation is enacted under President Donald Trump.
• The Senate's bill proposes keeping seven tax brackets but changing the income ranges, while the House's version of the bill would reduce the number of tax brackets to four.
• Both plans propose eliminating the personal exemption and increasing the standard deduction.

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House and Senate Republicans have taken two different approaches in their attempt to overhaul the US tax code by releasing separate proposals with sweeping changes.
The House voted to pass their version of the Tax Cuts and Jobs Act, and Senate Republicans are racing to vote on their own tax legislation soon. President Donald Trump has said he wants the tax reform bill on his desk by Christmas.
Business Insider put together two charts showing how both the House's tax plan and the Senate's tax plan could change federal income-tax brackets in 2018 compared with those in 2017.

By:Writte
Birbal Babu .