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Biden’s proposed 39.6% top tax rate would apply at these income levels

• reportt 5y ago
  U.S. taxpayers who make $452k single/$509k married would have their top marginal tax rate increase from 37% to 39.6%. This will happen in 2025 anyways, assuming Congress does with regards to the Tax Cuts and Jobs Act. The people who this applies to generally fall into the Top 5% of Earners tax bracket (Top 5% in 2018 was $309k+). [1] [1]: https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/ https://www.investopedia.com/personal-finance/how-much-incom...
  • Gibbon1 5y ago
    > taxpayers who make $452k single/$509k married I wish I was so unlucky!
• arthurcolle 5y ago
  More people should use offshore shells, clearly
• snotrockets 5y ago
  That title is misleading: it's not the tax rate that would be increased, but the marginal tax rate.