Biden’s proposed 39.6% top tax rate would apply at these income levels(cnbc.com)
cnbc.com
Biden’s proposed 39.6% top tax rate would apply at these income levels
https://www.cnbc.com/2021/06/01/bidens-proposed-39point6percent-top-tax-rate-would-apply-at-these-income-levels.html
4 comments
That title is misleading: it's not the tax rate that would be increased, but the marginal tax rate.
More people should use offshore shells, clearly
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-incom...
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-incom...
> taxpayers who make $452k single/$509k married
I wish I was so unlucky!
I wish I was so unlucky!