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 Is it possible that anyone will have an effective income tax rate of 37%? Why or why not? 

 Mar 4, 2021
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Not really.   When you are in the 37% bracket , it means all of your income ABOVE  518,000 is taxed at 37% rate......all of your income BELOW 518000 is taxed at lower rates , so your EFFECTIVE rate will be less than 37%.     If you earn A LOT of money , your effective rate will get closer and closer to the 37% mark.

 Mar 4, 2021

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