what is top tax rate
Those who pass certain income thresholds pay higher rates on the income ABOVE those thresholds. The IRS has a surprisingly handy example. For 2012, unmarried individuals can generally expect their federal tax bill to look like this: Currently, the top rate is sitting at that 35 percent you see above. On Mondayâs NewsHour, we examine the history of what Americaâs richest have paid over the years.