Top marginal tax rate
Can someone please explain to what reffer top in 90 percent top marginal tax rate? because it says as well marginal - I'm not so sure
Because in the 50s, we had much higher tax rates for the rich. in fact, a billionaire like Trump would pay, like, 90 percent top marginal tax rate. the estate tax was over 70 percent for people like Trump...
Top answer
Here's a fictitious examples of how marginal tax rates work. You pay 0% tax on all income up to $20,000. You pay 10% tax on income between $20,000 and $50,000.
- Here's a fictitious examples of how marginal tax rates work.
- You pay 0% tax on all income up to $20,000.
- You pay 10% tax on income between $20,000 and $50,000.
- You pay 40% tax on income between $50,000 and $100,000.
- You pay 60% tax on all income above $100,000.
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Here's a fictitious examples of how marginal tax rates work.
You pay 0% tax on all income up to $20,000.
You pay 10% tax on income between $20,000 and $50,000.
You pay 40% tax on income between $50,000 and $100,000.
You pay 60% tax on all in
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