Reuters: Who Pays the Top Income Tax Rate?, by David Cay Johnston:
President Obama wants to raise the top marginal income tax rate on
salaries and other ordinary income from 35% to 39.6% by
letting the extended temporary Bush tax cuts expire at year-end.Mitt Romney wants to drop the top rate by a fifth to 28% (and
running mate Paul Ryan has called for a top rate of 25%).So who pays the 35% rate? How much do they pay? And how much
more would they pay if the Clinton-era rate of 39.6% were
restored?
