But by the time your tax rate is 50%, you're only keeping half of your income.
If you look at it as a percentage of the tax rate, then the first increase is much larger: it is doubling your taxes!
Romney has already admitted that his tax rate is “about 15 percent.”
We're all pretty clear on what Barack Obama wants--a hike in the tax rate by 3.6 percent on dollars earned above $250,000.
Better to wait until you stop working, when your income, and tax rate, will presumably be lower.
The tax rate was progressive, with a maximum of 10 per cent.
We cannot, says The Board, succinctly, drawing its salary; It increases the tax rate.
The latter option is particularly unpalatable given the significant increase in the tax rate already mandated in law.
This city should set apart—— mills on the tax rate each year for building permanent roads.
And they'll raise our tax rate to the average, which means thousands more.