Quotes About Marginal tax rate

The irony is that just as markets started delivering more unequal outcomes, tax policy asked less of the top. The top marginal tax rate was lowered from 70 percent under Carter to 28 percent under Reagan; it went up to 39.6 percent under Clinton and down finally to 35 percent under George W. Bush.54 This reduction was supposed to lead to more work and savings, but it didn't.55

I think, in effect, in most of the European countries, the total marginal tax rate is over 50 percent; that's to say, add on other taxes like VAT to the income tax.

The marginal tax rate for high income earners is going up. Small businesses are no longer enjoying some of the exemption from payroll tax. Now there will be carbon taxes.

Comparisons between America and the Scandinavian countries typically focus on the top marginal tax rate. In America, it's around 46 percent when you combine federal and state income taxes. This compares with Norway at 39 percent, Sweden at 56 percent and Denmark at 60 percent. Norway's top marginal income tax rate is actually lower than that of the United States. Sweden and Denmark's rates are substantially higher. But