Of course, no one knows what marginal tax rates they will pay years from now.
At present, states have marginal tax rates of up to 11 percent.
In short, there would be higher marginal rates for most people making less than $326,450.
But a difference of opinion about a marginal tax rate?
Overall, the top marginal tax rate was raised from 31% to 40% under the Clinton administration.
The top marginal rate in our current tax code is 33 percent.
From 1981 until 1986 the top marginal rate was lowered to 50%.
But effectively, the top marginal rate is actually 5 percent.
Data on marginal tax rates from 1998 to 2006 are publicly available.
This would permit a much lower marginal rate of tax.
Of course, no one knows what marginal tax rates they will pay years from now.
At present, states have marginal tax rates of up to 11 percent.
In short, there would be higher marginal rates for most people making less than $326,450.
But a difference of opinion about a marginal tax rate?
Overall, the top marginal tax rate was raised from 31% to 40% under the Clinton administration.
The top marginal rate in our current tax code is 33 percent.
From 1981 until 1986 the top marginal rate was lowered to 50%.
But effectively, the top marginal rate is actually 5 percent.
Data on marginal tax rates from 1998 to 2006 are publicly available.
This would permit a much lower marginal rate of tax.