It is not possible for US federal tax to reach more than 60%, because there will be other taxes adding on top of that, like state tax, social security, medicare, etc, etc,
the total has to be under 100%, that is my understanding.
It is not possible for US federal tax to reach more than 60%, because there will be other taxes adding on top of that, like state tax, social security, medicare, etc, etc,
the total has to be under 100%, that is my understanding.