FOXNEWS The Journal Editorial Report November 20, 2021 20:19:00
57.4%, higher than italy, sweden and even france. scott, president of the tax foundation, welcome take us through your math to get us to that calculation we have the great distinction was the highest combined rate in the world. >> it's a step-by-step process and by 2026 marginal tax rate will hit 39.6% you add onto that certain taxes in the bill, the first one being a surtax on incomes above 10 million and that a 3% surtax on incomes $1,225,000,000 and then you have the average of state rates and that kicks the rate from about 1% for the overall federal rate up to that 57%, so that is average ...
Source: archive.org