On 10/24/07, Gregory Maxwell gmaxwell@gmail.com wrote:
On 10/24/07, Sebastian Moleski sebmol@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.