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. This can be especially true for people under age 59 12. It also depends on your guestimate of how much future income tax rates could increase to help pay for the increasing federal debt. Its worth your time to carefully consider whether those situations apply to you. gettyAre you worried that federal income taxes will increase in the future due to the burgeoning federal debt?
The top tax rate is set to be increased to 39.6% after the situation apply to them.
( z0 set :ARG1 ( z1 rate :mod ( z2 tax ) :mod ( z3 top ) ) :ARG2 ( z4 increase :ARG1 z1 :ARG4 ( z5 percentage-entity :value 39.6 ) :time ( z6 after :op ( z7 apply :ARG1 ( z8 situation ) :ARG2 ( z9 they ) ) ) ) )
(z0 / set-08
    :ARG1 (z1 / rate
              :mod (z2 / tax-01)
              :mod (z3 / top))
    :ARG2 (z4 / increase-01
              :ARG1 z1
              :ARG4 (z5 / percentage-entity
                        :value 39.6)
              :time (z6 / after
                        :op1 (z7 / apply-02
                                 :ARG1 (z8 / situation)
                                 :ARG2 (z9 / they)))))
The top tax rate is set to be increased to 39.6 % after the situation apply to them .
z1 :mod z2
z1 :mod z3
z0 :ARG1 z1
z0 :ARG2 z4
z4 :ARG1 z1
z5 :value 0
z4 :ARG4 z5
z4 :time z6
z7 :ARG1 z8
z6 :op1 z7
z7 :ARG2 z9