In some states and municipalities the tax rate is higher due to local taxes. For example, in California the maximum marginal rate is 37% + 13.5% = 50.5%.
This is a good point! Katie very likely was considering that and right on target.
Yes, that’s exactly correct.
In some states and municipalities the tax rate is higher due to local taxes. For example, in California the maximum marginal rate is 37% + 13.5% = 50.5%.
This is a good point! Katie very likely was considering that and right on target.
Yes, that’s exactly correct.