House Democrats Set to Propose Corporate Tax Rate of 26.5%

Squawk Pod


House. Democrats set to propose a twenty six point. Five percent corporate tax rate hike from twenty one percent. Now the top individual rate would go to thirty nine point six percent the rate on capital gains would jump to twenty five percent that proposal also includes three percentage point sur tax on individual income above five million dollars. The tax hikes would be part of the plan to pay for the democrats budget. Bill between the obamacare surcharge and the five million dollars surcharge. You could be looking at doing the math right. You'd be looking at about forty six percent before you hit state for you at that that top surtax kicks in. I think after five million dollars right

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