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income over $250,000. Only 1.2 percent of American taxpayers were affected.
2. The alternative minimum tax rate was increased from 24 percent to 26 percent for taxable income less than $175,000, and to 28 percent for taxable income above $175,000. Only 400,000 taxpayers were affected.
3. The corporate income tax rate increased from 34 percent to 35 percent for corporations with taxable income agove $10 million. Only 10 percent of 2.2 million • corporations nationwide were affected. The overall package otherwise included tax breaks for small business.
• 4. A cap of $ 135,000 was removed for the 2.9 percent Medicare tax.
5. Taxpayers whose incomes exceed $34,000 for individuals or $44,000 for couples, when half of
95.7%