Or maybe you are in the top bracket but taxes get raised in 2009.
The top rate is 63 pct. and 40 pct. of working Danes fit into the top bracket.
This was on top of very large tax rate increases, the top bracket increased from 6% to 77%.
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Tax rates on the top bracket have not been this low since 1931.
Part of the reason was that Secretary of the Treasury Mellon fought for and got very significant tax cuts, the top bracket dropped to 25% by 1925.
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Assuming that you're in the top bracket for these transfer taxes no matter what and that the law doesn't change, the gift tax is the cheaper of the two.
If they had to pay just through higher rates, the top bracket on ordinary income would rise to more than 67 percent and the rate on gains would approach 50 percent.
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Mr. Obama then insisted on reviving PEP and Pease, thereby recapturing much of the income he claimed to be "compromising" away by agreeing to a higher income threshold for the top bracket.
Under their proposal even top bracket taxpayers would pay a maximum rate on this investment income of 20 percent in 2013 (plus an additional 3.8 percent under the tax provisions of the 2010 health law).
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But if you fill out your bracket at the beginning of the tournament, and choose the favorite in each game which is the strategy that these experts have, in effect, done you will never, repeat never, come out as the top bracket.
That means a top-bracket player owes a federal tax of 23% on winning trades.
The chart displays the beating that a top-bracket buyer of Treasury notes can look forward to.
For a top-bracket taxpayer, that was equivalent to as much as 12% on a corporate bond.
The chart plots what would have happened to a hypothetical dollar invested in T bills by a top-bracket taxpayer.
Today, these tax breaks are worth 35 cents on the dollar for someone in the top tax bracket.
Under current law, the top federal bracket for dividend income is set to triple next year to 44.6%.
After all, for those in the top tax bracket, the tax would increase by a whopping 24 .6%.
That interest is taxed at high "ordinary income" rates--close to 40% if you are in the top federal bracket.
But this means that nearly all that income is taxed at regular rates, which at the top Federal bracket is around 40%.
Seven states have no state income tax, while eight states have a top marginal bracket of at least 8 percent.
As recently as 1963 the top federal bracket was 91%, Levy notes, and nothing in the Bill of Rights stopped it.
Many respondents said they were below the top tax bracket, held their investments mostly in tax-deferred accounts or were long-term investors.
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For a taxpayer in the top federal bracket of 35%, a 3% dividend yield is equivalent to a 4% yield on a taxable bond.
The bill would raise rates on long-term capital gains and dividends for top-bracket taxpayers to 20% for 2013 from 15% in 2012.
That means, for a top-bracket investor, a blended federal rate near 28% on successful trades-against only 20% for stocks held more than a year.
In addition to getting extra years of deferral, she'll be taking smaller annual payouts, so she won't be pushed into the top tax bracket.
Misbah-ul-Haq was promoted to the top income bracket to join captain Shoaib Malik, batsmen Younus Khan and Mohammad Yousuf and pace bowler Mohammad Asif.
Tax-exemption is an astonishingly inefficient way to aid state and local governments precisely because only a fraction of the buyers are in the top tax bracket.
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Either way, the tax deal makes conversions slightly more attractive, particularly since a conversion is likely to bump your income into a top tax bracket.
The top-bracket federal tax rate has climbed since 1988 and, what with fiscal pressures from Medicare and the military, it may be higher still in 15 or 30 years.
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