From there it goes back to the House, then to the Senate, then to the finance committee. Once it gets passed, it becomes part of the code. This is the Legislative process. The 1986 reform took 8 years to pass. Interpretive regs are the most common.
Tax evasion is fraud.
The marginal rate is used for financial planning All dividends and interest are taxed at the marginal rate Capital gains tax when you sell asset. The Option System can teach you exactly how to do this. Get your FREE subscription to Profit from the Pros investment newsletter. You'll make more money because stock picks and advice comes from professionals with proven track records of beating the street. Register for free with The Motley Fool and begin your journey to financial independence.