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The 39 percent and 38 percent tax rates both represent what is called a tax bubble. Suppose the government wanted to lower the upper threshold
The 39 percent and 38 percent tax rates both represent what is called a tax bubble. Suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $182,000. What would the new 39 percent bubble rate have to be? Round to 2 decimal places
Taxable Income Tax Rate 50,000 75,000 75,001-100,000 100,001 335,000 335,001-10,000,000 10,000,001-15,000,000 15,000,001-18,333,333 15% 25 34 39 34 35 38 35 50,001- 18,333,334+
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