Swedish fashion, much like Swedish architecture and design, is characterized by modernity, simplicity and clean geometric shapes. On the streets of Sweden, women often pair gray and black skinny...
For income made in 2015, the highest marginal income tax rate in the U.S. has been set at 39.6%. That will apply to single filers who made more than $413,201, to married joint filers who made over $464,850 and to heads of household who made at least $439,001. The income tax rate applies not necessarily to one's entire income, but only to taxable income, or gross adjusted income.
For 2012, trusts reach the highest federal tax bracket of 35% at taxable income of $11,650 (except for capital gains, which are taxable at a lower rate). By comparison, the tax rate for single taxpayers on taxable income of $11,650 is only 15%. The highest federal tax bracket of 35% does not apply to most individual taxpayers until their taxable income reaches $388,350. In addition, many states also tax the income of trusts.