Income-tax brackets in combined GOP bill

Last-minute changes to the Republican tax bill contain an unpleasant surprise for married couples who make between $600,000 and $1 million: They won't be getting as big a tax cut as lawmakers planned earlier. The final bill would include those households in the highest individual income-tax bracket, which would pay a marginal rate of 37%, according to a summary of the bill's changes obtained by Bloomberg News, as well as a person familiar with the bill's contents. Here are the brackets, as confirmed by that person, who asked not to be named because the details haven't been publicly released: For joint filers: 10%: $0 to $19,050 12%: $19,050 to $77,400 22%: $77,400 to $165,000 24%: $165,000 to $315,000 32%: $315,000 to $400,000 35%: $400,000 to $600,000 37%: $600,000 and above For single filers: 10%: $0 to $9,525 12%: $9,525 to $38,700 22%: $38,700 to $70,000 24%: $70,000 to $160,000 32%: $160,000 to $200,000 35%: $200,000 to $500,000 37%: $500,000 and above In earlier versions, both House and Senate bills would have included households with income between $600,000 and $1 million in a 35% tax bracket. Still, the final legislation would provide a cut for those households relative to current law — they currently face a top rate of 39.6%. Meanwhile, couples earning more than $1 million would do far better — their top rate would move down to 37% from 38.5% in the Senate's version and 39.6% in the House's. The new individual rates and brackets would be set to expire at the end of 2025, unless a future Congress chooses to extend them.