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November 23, 2023 4:59 pm at 4:59 pm
#2242047
Someday
Participant
Fine. Again at today’s 10 xs equivalency’s:
1960
A $4,000,000 income would be left with $1,515,000 minus all the other brackets I did not calculate from the first dollar.
Over 4 mil – 91% ($0 tax)
Over 1.5 mil – 87% ($2,175,000 tax)
Over .5 mil – 62% ($310,00)
https://web.stanford .edu/class/polisci120a/immigration/Federal%20Tax%20Brackets.pdf