What time is Donald Trump's inauguration as President? Who is attending and all you need to know about the schedule as he takes office in 2017. US President-elect Donald Trump will take office on January 20. Here are the traditions and quirks of the day - plus how to watch the Inauguration in the UK.
The election to pay tax at the rate of 5.85% does not apply to items of income taxed at 12% (short-term capital gains and gains on collectibles and pre-1996 installment sales.). 1  M.G.L. 2  Chapter 62, Section 4 as amended by St. 2000, c. 343, s. 3  1; as amended by St. 1999, c. 127, ss.
A capped flat tax is one in which income is taxed at a flat rate until a specified cap amount is reached. For example, in 2014, the United States Federal Insurance Contributions Act tax is 6.2% of gross compensation up to a limit of $117,000 of gross compensation (resulting in a maximum Social Security tax of $7,254).