5 ms·
> To hit 55% tax rate in California after this, you only need to make like $250k total. Marginal rate, effective rate not even close.
by dbt00 5y ago
> To hit 55% tax rate in California after this, you only need to make like $250k total.
Marginal rate, effective rate not even close.
- Applejinx 5y agoPeople so often performatively misunderstand this, that I'm getting to where I think we should literally skip having marginal rates and just abruptly switch the actual rate over at that threshold. I mean, if that is how they are going to act, let's just do it. Nothing is apparently gained through having marginal rates be the reality. We are just leaving money on the table when the collective insistence of people for decades is that marginal taxes don't exist and the rate's just abruptly hiked to a different one. So fine. Marginal rates don't exist, then. Happy?