*Apologies for dumb question* What's the new marginal tax rate?
On the heels of the new corporate tax rate going down to 21%, what is the new marginal rate? Back when they were 35% I was always taught to use 40% to account for state taxes. Is it as simple to say that the new marginal rate would use this same 5% spread to reach 26%?
Sorry again if a dumb question but would appreciate any help. SB if you can provide a source.
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