4 ms·
A marginal tax rate of 102% will become an effective tax rate of 100% when the amount above the margin line is 50 times greater than the post-taxed portion belo
by 1123581321 9y ago
A marginal tax rate of 102% will become an effective tax rate of 100% when the amount above the margin line is 50 times greater than the post-taxed portion below the line.
I'm not familiar with the author's situation but standard marginal rate assurances stop applying when the tax rate exceeds 100%.
- BoiledCabbage 9y agoCompletely agreed, but again not a case of paying more than your income (it'd be paying your full income), and also, not what happened in this case.