In 2011 when the "Bush tax cuts" expire the percentage tax rate for the rich will revert back to the (pre-Bush)rate of ____________ percent if congress doesn't pass a new law.

Question

Quizplus · Accepted Answer

The correct answer is B) 39.6. The top tax rate before the Bush era tax cuts was 39.6%, and if Congress does not pass new legislation before expiration, the tax rate for the rich will revert to this pre-Bush rate.

In 2011 When the "Bush Tax Cuts" Expire the Percentage