Nationwide, the average top marginal rate will rise from 41.8% to 47.8%. In New York, California and Hawaii, the top marginal income tax...
In response to:
90% was communist.
A new study out from economists at Lynchburg College calculates the effective top marginal tax rates on various forms of income. While most of the media focuses on the federal top marginal income tax rate, Professors Gerald Prante and Austin John have factored in all of the taxes both nationwide and in each individual state and found that the average rate across the country will approach 50% - surpassing it in three different states.
- Sanitizing terror: Has the press distorted Islamic radical’s crusade against gay men? Noah Rothman 36 mins ago
- Family friend tells WaPo: Yes, Darren Wilson did suffer an eye socket fracture Allahpundit 1 hour ago
- Let’s play ‘What if a GOP’er Said It’ with Harry Reid’s racially insensitive jokes Noah Rothman 1 hour ago
- NATO: Russia has moved artillery units and personnel into Ukraine Ed Morrissey 2 hours ago
- Hamas executes “collaborators” as Israeli air strikes target leadership Ed Morrissey 3 hours ago
- White House: That round of golf after the Foley video was released doesn’t show the depth of Obama’s grief Allahpundit 3 hours ago