The tax bite will also reach a bit lower on the wealth scale.
IS there any way to lessen the tax bite on the award?
Athletes now are also allowed to retain an agent, although in that case, their tax bite is higher, 69 percent.
But it found few takers and was worried about a huge tax bite.
Pay $1,400 for a week's accommodation, and the tax bite will be $210.
"The reasonable argument for why to do this is you can't afford the tax bite," he said.
Q. But a dollar and a quarter out of that tax bite will hit the middle class.
Thus, the income on private activity bonds could possibly result in a larger tax bite.
By that measure, only seven states had a smaller tax bite.
For these taxpayers, selling this year will provide a lower tax bite.
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