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Jorge and Anita, Married taxpayers, earn $150,000 in taxable income and $40,000 in interest form an investment in CIty of Heflin bonds. IF Jorge and
Jorge and Anita, Married taxpayers, earn $150,000 in taxable income and $40,000 in interest form an investment in CIty of Heflin bonds. IF Jorge and Anita earn an additional $100,00 of taxable income, what is their marginal tax rate on this income? 28.74% What is their marginal rate if, instead, they report an additional $1000,000 in deductions?
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