The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Current & Proposed Tax Rates Date:  11/19/2012  10:39 AM
Author:  TMFPMarti Number:  116946 of 127616

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 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us