Question
Consider the following tax brackets in the US. Lower tax bracket Upper tax bracket Tax rate (%) 0 $24,999 37 $25,000 $49,999 36 $50,000 $74,999
Consider the following tax brackets in the US.
Lower tax bracket
Upper tax bracket
Tax rate (%)
0
$24,999
37
$25,000
$49,999
36
$50,000
$74,999
35
$75,000
or higher
34
Suppose that a person earns $91,501
Given this data, what is this person's marginal tax rate?
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Principles of Economics
Authors: Gregory Mankiw
7th edition
128516587X, 978-1285165875
