Problemthe 39 percent and 38 percent tax rates both, Ask an Expert

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Problem:

The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." Suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $214,000.

Question: What would the new 39 percent bubble rate have to be? Show all work.

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