Quote:
Originally Posted by scott craft
Does anyone know what the tax rate is on those in the top 2%? I understand these guys pay more taxes, but is that because they are taxed at a higher rate or simply because of the amount they are taxed on? I suspect it is because they make more and not because of their tax rate, but I haven't researched it.
|
They are taxed at a much higher rate. But it's only their income that is taxed that high. Capital gains is taxed at a much lower rate.