4 ms·
Sorry, I couldn't help my self. Technically around $2B the difference between a tax rate of 90% and a marginal tax rate of 90% becomes a rounding error. Assumi
by sharemywin 8y ago
Sorry, I couldn't help my self.
Technically around $2B the difference between a tax rate of 90% and a marginal tax rate of 90% becomes a rounding error. Assuming the last tier is $10M.
- nabla9 8y agoGood data point. Although there are no individuals with $2B yearly income, It would be good idea to put same the upper limit for the __effective__ marginal tax rate in every income bracket. Poor people can have very high effective marginal tax rates. > To put it another way, the effective marginal tax rate when a person moves from the bottom to the middle quintile is 1 - (15.4-12.9)/(12.6-2.2), or 76 percent. http://gregmankiw.blogspot.com/2018/06/an-effective-marginal-tax-rate.html http://gregmankiw.blogspot.com/2018/06/an-effective-marginal...