[net.taxes] Highest tax rates

koch@holst.DEC (Kevin Koch LTN1-2/B17 DTN226-6274) (03/23/86)

     In Massachusetts, the tax on 'unearned' income is 10.75%, so your 
marginal tax rate can be as high as 60.75%.  But taking into account 
that you will deduct the state tax payments from the following year's 
federal taxes, the marginal rate in MA is 55.375%.  I'll bet NYC is 
higher, though, with state and local taxes.

Kevin Koch (Koch is it)
...decwrl!-dec-rhea!dec-holst!koch // koch%handel.dec@decwrl.ARPA