On 10/24/07, Gregory Maxwell <gmaxwell(a)gmail.com> wrote:
On 10/24/07, Sebastian Moleski
<sebmol(a)gmail.com> wrote:
This incentive of course gets stronger the higher
the individual tax rate
is. The top tax rate in the United States in 2006 was 35% but you had to
make at least $336,551 to fall into that bracket
*nit: Thats also the number for the whole household income of married
couple filing jointly, so it's arguable to half that number.
*second nit. Those in the 35% backet are most likely to have hit the
3% phaseout rule for their itemized deductions, in which case they
won't get the full 35% deduction.