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Reports, probably nonsense, Republicans discuss hiking top taxrate to 40% for millionaires

Reports, probably nonsense, Republicans discuss hiking top taxrate to 40% for millionaires

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Eamonn Sheridan
03/04/2025 | 21:26 GMT
  • This doing the rounds - I think you can safely disregard it (famous last words?)

Republicans mulling the creation of a new tax bracket

  • for those earning US$1 mn or more.
  • talks have included a new top rate that would be around 39% to 40%.

Sceptical of this one.

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