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Trump Proposes to Raise Top Tax Rate to 39.6% for Wealthiest Americans

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May 10, 2025
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Trump Proposes to Raise Top Tax Rate to 39.6% for Wealthiest Americans
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President Donald Trump
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In a stunning political pivot, former President Donald Trump has indicated he’d assist rising taxes on the wealthiest Individuals. His proposal would restore the highest marginal tax price to 39.6% for people incomes $2.5 million or extra yearly, up from the present 37% that was set throughout his personal administration. Trump reportedly pressed Home Speaker Mike Johnson to think about the tax…

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