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"At the same time, millions of low-income families – particularly single-parent households – will face an increase".
On average that means if someone pays $10,000 in annual taxes, he could face an increase of $376.
About 77 percent of families with income of $300,000 to $350,000 would face an increase.
City employees making less than $50,000 a year would not face an increase in their contributions.
Someone who pays $10,000 in annual taxes could face an increase of $376 under the amended spending plan, which totals $1.417 billion.
Jackson is concerned small businesses will face an increase in administration, particularly around new reporting requirements, and make investing in accounting software and staff training a necessity.
Similar(26)
Johns Island residents would face an increased property tax.
Some will face an increased risk of heart or bone problems, or a second cancer.
China and many other emerging economies now face an increased struggle to contain their currencies.
The Fed also would face an increased risk of losing money on its investments.
Recipients also face an increased risk of developing malignant growths, particularly lymphomas (malignant diseases of the lymphatic system).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com