TAX SYSTEM. The tax system will be modified to (i) beginning in 2025-26, reduce tax rates in the first two tax brackets and increase tax rates in higher tax brackets, and increase “repeater” tax rates, and (ii) beginning in 2024-25, increase tax brackets at the rate of growth in the Salary Cap. The tax rates under the new CBA will be as follows:
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement