Top earning New Yorkers could face 61.2% combined tax rate under House plan, Californians may face 59% rate
9/14/21
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from CNBC,
9/13/21:
The proposals include a 3% surtax on taxpayers earning more than $5 million a year. They would also raise the top marginal income tax rate to 39.6%.
The plans would preserve the 3.8% net investment income tax and extend it to certain pass-through companies.
The result is a top marginal federal income tax rate of 46.4%.
The House plan is still a proposal and could change. Yet the combined rates for New York City would be among the highest in nearly 40 years.
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