The marginal rate went down, then partially up, and the capital-gains rate did the reverse.
Your marginal rate is the penalty you pay for earning an incremental dollar of income.
The top marginal rate goes up to 39.6% when the Bush tax cuts expire.
Three-hundred and ninety banks took the chance to borrow at a marginal rate of about 4.21%.
This is true especially when the effective rate is lower than the marginal rate.
As a result, any additional 2012 compensation would be taxed at the top marginal rate.
FORBES: Could Tax Savings Expedite Free Agent Baseball Signings?
Under a regimen of marginal rate cuts, the most remunerative thing to do is earn more income.
First, it subjects U.S.-based corporations to a top marginal rate of 35%, among the highest in the world.
Jobs website totaljobs.com said the labour market in Scotland had continued to improve, but at a marginal rate.
"The February barometer showed Scottish job market conditions continuing to improve but at a marginal rate, " he said.
Either system has the end effect that individuals are paying their highest marginal rate on their dividend income.
FORBES: Obama's Budget Raises Dividend Taxes to 39.6%: This is Not a Good Idea
However, most tools will use the marginal rate of your highest tax bracket rather than your effective tax rate.
The Stretched-Thins are taxed at a marginal rate as high as 37% today.
That means their income is added to that of their husband's and thus often taxed at a high marginal rate.
Here, Reagan lowered the top marginal rate from 70% down to 28%.
Like the House-passed stimulus bill, the Senate Republican proposal would also accelerate marginal rate reduction of the 28 percent bracket to 25 percent.
France has long seen income tax as a mechanism for soaking the rich, who currently pay an effective marginal rate of around 60%.
This adds yet another marginal rate to IRC Section 1, which now includes rates of 10, 15, 25, 28, 33, 35 and 39.6%.
Currently another dollar earned by small business owners is earned at a marginal rate of 35% federal tax and a much higher total rate.
FORBES: Lower Taxes, Fewer Deductions: Are Romney and Ryan Dodging the Specifics?
But the recipients of those dividends pay full income tax at whatever their marginal rate is just as with income from any other sources.
FORBES: Obama's Budget Raises Dividend Taxes to 39.6%: This is Not a Good Idea
So it makes sense to lower the top marginal rate even if you have to eliminate deductions to collect the same effective tax rate.
FORBES: Obama vs. Romney -- Which Presidential Candidate Favors Small Businesses?
The President sought and achieved a return to the Clinton-era rates, a top marginal rate of 39.6 percent for top earners, for millionaires and billionaires.
Economists who specialize in these matters, including Thomas Piketty, Emmanuel Saez, and Peter Diamond, typically argue that a marginal rate around 70 percent maximizes revenue.
That reduces the 2013 top marginal rate slightly to 44.0 percent.
FORBES: Marginal Tax Rates Matter More Than Average Tax Rates
Republicans want to maintain the current marginal rate of 35% for the highest earners while Democrats want it to revert to the pre-2002 rate of 39.6%.
If the tax rate on dividends goes up to the top marginal rate, the number of companies paying dividends will most surely go down with it.
FORBES: Dear Congress, When You Jump Off the Cliff, Remember to Save the Dividend
Add it together and families in the 33% tax bracket could see their effective marginal rate paid on each additional dollar earned rise to above 38%.
If you can lower the marginal rate and still collect the same tax, you can eliminate some of the headwind caused by a highly progressive tax system.
FORBES: Lower Taxes, Fewer Deductions: Are Romney and Ryan Dodging the Specifics?
We were also focused on the need to return the top marginal rate to the level it was under President Clinton, 39.6, for the wealthiest Americans, and that was achieved.
应用推荐