•1 min read•from Hawaii News, Advice, and Aloha
Highest marginal tax rate in the US (if the Hawaii senate and house bill passes)
Without getting into whether it is right or wrong, just factually:
With the passage of this proposal, will a joint filing household with a combined $650,000 household income pay the highest marginal percentage (in that bracket) in the entire United States?
i.e. in Hawaii it will be 12% with the proposal
In California I believe it is 10.3%, as the next bracket for 11.3% doesn't kick in near $900,000 and the 12.3% doesn't kick in until $1.49 million a year.
If not, will it be in the top 3?
[link] [comments]
Want to read more?
Check out the full article on the original site
Tagged with
#highest marginal tax rate
#Hawaii
#California
#joint filing household
#combined household income
#tax percentage
#$650,000
#12%
#10.3%
#11.3%
#12.3%
#$900,000
#$1.49 million
#top 3
#percent
#proposal
#income tax
#bracket
#United States
#passage