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Louis Jacobson
By Louis Jacobson December 20, 2017
← Back to Cut the number of tax brackets

Number of brackets remains at seven in final tax bill

As a presidential candidate, Donald Trump promised to streamline the nation's tax system.

During the campaign, Trump said his tax plan "will collapse the current seven tax brackets to three brackets."

On Dec. 19 and 20, the Senate and the House passed the final version of the tax bill, which will go to the president for his signature.

So did lawmakers collapse the number of brackets? No.

While they did lower most of the rates in the existing seven brackets, the crafters of the bill did not reduce the number of brackets. The number of brackets remains at seven.

Here's a sampling of the previous rates:

And here's the equivalent breakdown under the new bill.

With the number of brackets staying at seven rather than being collapsed into three, we rate this Promise Broken.

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