4 ms·
Yes, the top marginal rate is 37% federal + 13.3% state + 0.9% surtax -- and note the state tax is generally double-taxed at this income level thanks to the SLP
by arcticbull 2y ago
Yes, the top marginal rate is 37% federal + 13.3% state + 0.9% surtax -- and note the state tax is generally double-taxed at this income level thanks to the SLPT cap.
Can it also be an effective rate, yes, pretty close anyways.
- throwaway2037 2y agoAt what personal income level does this top marginal rate apply? 250K? 500K? 1M?