NMCO - 60+ Percent Top Tax Rates In America? A Look At The 881-Page House Tax Proposal

• The US House Ways and Means Committee released their new 881-page tax proposal –there's some tricky stuff in it.
• If passed, the new top Federal rate in the US will be 46.4 percent, while the top capital gains tax rate appears it will be 31.8 percent from my calculations.
• NYC resident taxpayers would face rates as high as 61.2 percent, with California residents close behind.
• A look at some of the good, the bad, and the ugly in the new bill, why the bill probably won't pass as-is, as well as tactics to help protect your portfolio.

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