Right. Right now the top marginal tax rate is 37% plus you have Medicare which has no cap. Right, But I'll use a 37%, 37% and then I'll use The entire payroll tax which is 15.3%. Correct. The total amount. So what we're in fact if we take the cap off or increase it, we're going to take the 37 top. 37% top margin rate and increase that to 52.3%. (02:24–02:28)
CLAIM
Asserts that the entire payroll tax rate is 15.3%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
