I think Michael Graham is wrong on this point. Clinton’s 1993 tax bill imposed a top income-tax rate of 39.6 percent, and did so, I believe, retroactively to the start of that year. So it would certainly have been in effect in 1995.
I think Michael Graham is wrong on this point. Clinton’s 1993 tax bill imposed a top income-tax rate of 39.6 percent, and did so, I believe, retroactively to the start of that year. So it would certainly have been in effect in 1995.