US EditionMarketwatch: Under New GOP Bill, Multimillionaires Could Dodge the 39.6% Tax Rate Floated by Trump
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Marketwatch: Under New GOP Bill, Multimillionaires Could Dodge the 39.6% Tax Rate Floated by Trump
A higher tax rate on multimillionaires would have been eye-catching, but its revenue would have been less so, by some estimates. Approximately 85% of the income from super-rich households with at least $10 million would have been insulated from a higher rate, according to an analysis from the left-leaning Institute on Taxation and Economic Policy.
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