The marginal tax rates
remained high, even for people of quite modest incomes.
Another component of the tax shield which contributes to its uncertainty is the marginal tax rate
and its volatility (hereafter also referred to as the tax rate risk).
Firms' marginal tax rate
was computed as the effective tax rate.
From 1913 to 2002 the US marginal tax rate
ranged from 7% in 1913-1915 to 94.
At that time, many upper-income taxpayers faced maximum marginal tax rates
in the 50-70% range, accounting losses could be used to offset other income, and capital gains were preferentially taxed.
It is as yet an open question whether there are significant numbers of investors who face uncertainty regarding their marginal tax rates
After all, the top bracket marginal tax rates
were higher than at any time in the post-World War II (91.
Between 1981 and 1986, marginal tax rates
were reduced across the board.
Koester and Kormendi's method of estimating marginal tax rates
Even so, Naoki Oike, a vice-president at Salomon Brothers, said high marginal tax rates
in Japan continue to create interest in off-shore investments.
Because mortgage interest is deductible from adjusted gross income in the computation of taxable income, this rise in marginal tax rates
had the effect of reducing the after-tax cost of homeownership and thereby boosting housing demand.
KN asked 1,491 American adults to set personal and corporate marginal tax rates
and federal spending levels across 28 categories covering most of the 2012 federal budget.