The 39 percent and 38 percent tax rates both represent what, Accounting Basics

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The 39 percent and 38 percent tax rates both represent what

The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." Suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $212,000. What would the new 39 percent bubble rate have to be? (Round your answer to 2 decimal places. (e.g., 32.16))

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Accounting Basics: The 39 percent and 38 percent tax rates both represent what

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Accounting Basics: The 39 percent and 38 percent tax rates both represent what

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