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How do you figure? Top tax bracket is 39.6% when taxable income is over $413,201. On the first $9225 of that you pay 10% just like everyone else. From 1944 to
by cmurf 11y ago
How do you figure? Top tax bracket is 39.6% when taxable income is over $413,201. On the first $9225 of that you pay 10% just like everyone else.
From 1944 to 1963 the top rate was not less than 91%
From 1932 to 1981 the top rate was not less than 63%
- greenyoda 11y ago39.6% is the top federal income tax bracket. There are also state income taxes (in most states), local income taxes in a few places (e.g., NYC), payroll tax (social security, etc.), real estate taxes and sales taxes. Add up all the taxes and you can easily reach 45%.
- zobzu 11y agoexactly. 45% is actually pretty near the maximum :/