Re:Biden’s proposed 39.6% top tax rate would apply at these ...
by reportt on Wednesday June 02, 2021 @12:37AM
(#27364889)
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]
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...