What to Know About Marginal Tax Rates
by Alicia Adamczyk on Two Cents, shared by Alicia Ada from Lifehacker on (#46ENP)
You may have heard that over the weekend newly minted Congresswoman Alexandria Ocasio-Cortez said in an interview with 60 Minutes that there's precedent for wealthy Americans at the "tippy tops"-in this case, those earning over $10 million-to pay a marginal tax rate "as high as 60 percent or 70 percent."