They actually took it on the chin in that the 35% started kicking in at $200,00 (it has since crawled up to $250,000) instead of the 2017 threshold, $416,700. Yes, the top rate was reduced from 39.6% to 37% (a 6.6% reduction) but cannot the money-grubbing left take some solace that folks in the $200,000 to $500,000 (the new threshold for the top rate) income range actually started paying MORE? I would hope so.
Monday, February 3, 2025
On the Fact that Those In the Second Highest Tax Bracket DID NOT Receive a Rate Reduction from the Trump Tax Cuts (it Stayed at 35%)
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