The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Current & Proposed Tax Rates||Date: 11/19/2012 10:39 AM|
|Author: TMFPMarti||Number: 116946 of 121061|
My real question is why all the articles I've read omit any reference to the 28% tax bracket. The mentione 25% and then go to 33%. What happened to 28%?
You'd have to ask the authors, but I have a guess.
The 1999 tax rates were 15%, 28%, 31%, 36%, and 39.6%.
The BETC's introduced a new 10% bracket, got rid of the top bracket, and reduced the other three 3%, eventually leaving us with
10%, 15%, 25%, 28%, and 33%.
If you adopt a twisted enough view of the current situation the 28% bracket is the old 33% bracket, and a couple with $250K income was well into that bracket. But that's just a guess, and since IMO the effort is pointless, we're back to "beats me."
Rule Your Retirement Home Fool
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|