How Does It Work? How Does It Work? The top tax rate is scheduled to be increased to 39.6% after 2025 when the current Tax Cuts and Jobs Act is set to expire even if Congress doesnt pass the Presidents proposal. If Congress does pass the legislation to enact the higher proposed rate, which isnt assured, it would kick in for the 2022 tax year and most likely not be retroactively applied for the 2021 tax year. A New Set of Guidelines, Cautions and CaveatsThe bottom line?
The top tax will increase taxes by 3% in twenty first year.
( z0 increase :ARG0 ( z1 tax :mod ( z2 top ) ) :ARG1 ( z3 tax ) :ARG2 ( z4 percentage-entity :value 3 ) :time ( z5 year :ord ( z6 ordinal-entity :value 20 :value 1 ) ) )
(z0 / increase-01
    :ARG0 (z1 / tax-01
              :mod (z2 / top))
    :ARG1 (z3 / tax-01)
    :ARG2 (z4 / percentage-entity
              :value 3)
    :time (z5 / year
              :ord (z6 / ordinal-entity
                       :value 20
                       :value 1)))
The top tax will increase taxes by 3 % in twenty first year .
z1 :mod z2
z0 :ARG0 z1
z0 :ARG1 z3
z4 :value 2
z0 :ARG2 z4
z6 :value 1
z6 :value 0
z5 :ord z6
z0 :time z5