4 States Where Income Tax Rates Could Soon Top 57% – Chris Kissell

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As Democrats in Congress try to find ways to pay for $3.5 trillion in proposed new spending, they are looking to the richest Americans to help foot the bill. Democrats in the House of Representatives plan to impose a 3% surtax on individual income above $5 million, The Wall Street Journal reported this weekend. In addition, plans are afoot to raise the top federal personal income tax rate to 39.6%

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