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I don't think they are insanely high by American standards. The marginal tax rate for Americans of almost all income levels is about 40%, until it drops to 15%
by anonymoushn 16y ago
I don't think they are insanely high by American standards. The marginal tax rate for Americans of almost all income levels is about 40%, until it drops to 15% or lower if you're extremely wealthy and able to route all your income through "investments."
- mode0 16y agoWhere do you get this figure?
- anonymoushn 16y agoMSN article: http://articles.moneycentral.msn.com/Taxes/Advice/YourRealTaxRate40.aspx http://articles.moneycentral.msn.com/Taxes/Advice/YourRealTa... Paper: http://www.kotlikoff.net/sites/default/files/Does%20It%20Pay,%20at%20the%20Margin,%20to%20Work%20and%20Save.pdf http://www.kotlikoff.net/sites/default/files/Does%20It%20Pay... HN discussion: http://news.ycombinator.com/item?id=1656323 http://news.ycombinator.com/item?id=1656323
- mode0 16y agoThanks for the links!