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Being in the 50% tax bracket does not mean paying 50% of your income in taxes.
by enraged_camel 11y ago
Being in the 50% tax bracket does not mean paying 50% of your income in taxes.
- AnthonyMouse 11y agoThe people engaging in significant tax avoidance aren't the ones who make $1 more than the threshold for the highest tax bracket, they're the people (and corporations) who make many millions or billions of dollars and would otherwise have an effective tax rate that has converged to the highest marginal rate.
- pstrateman 11y agoIn california it often does.