Taxing the Rich: Everyone's Doing It

by Benjamin Domenech on 1:25 am October 8, 2009

Malanga: “In most states with double-digit (or near double-digit) top tax brackets, the combined federal and state tax bite will thus soon reach 50 percent of income, especially when you consider that the federal alternative minimum tax excludes many deductions by higher income households (including big, fat deductions for hefty state and local taxes).”

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