15 States Where The Rich Will Get REALLY Screwed If The Democrats Win

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The tax debate has enlivened Americans, particularly the wealthy, investing set, who are now concerned their take home pay is about to be decimated.The Tax Foundation, a conservative organisation that advocates for lower taxes, has released what they believe will be the marginal effective tax rates for top earners if President Obama’s tax plans come to pass.

These taxes are targeted at the highest earners, if the Bush tax cuts are allowed to expire for those making more than $200,000, and married couples making more than $250,000.

The Tax Foundation’s calculations focus on the self-employed. The marginal tax rates under Republican proposals to retain the cuts are also listed.

#15 Delaware

Democrat top marginal effective tax rate: 47.30%

Republican top marginal effective tax rate: 41.77%

Source: The Tax Foundation

#14 Oregon

Democrat top marginal effective tax rate: 47.35%

Republican top marginal effective tax rate: 42.14%

Source: The Tax Foundation

#13 Wisconsin

Democrat top marginal effective tax rate: 47.55%

Republican top marginal effective tax rate: 42.18%

Source: The Tax Foundation

#12 Ohio

Democrat top marginal effective tax rate: 47.57%

Republican top marginal effective tax rate: 42.19%

Source: The Tax Foundation

#11 Arkansas

Democrat top marginal effective tax rate: 47.60%

Republican top marginal effective tax rate: 42.08%

Source: The Tax Foundation

#10 North Carolina

Democrat top marginal effective tax rate: 47.69%

Republican top marginal effective tax rate: 42.18%

Source: The Tax Foundation

#9 Idaho

Democrat top marginal effective tax rate: 47.73%

Republican top marginal effective tax rate: 42.21%

Source: The Tax Foundation

#8 Minnesota

Democrat top marginal effective tax rate: 47.76%

Republican top marginal effective tax rate: 42.24%

Source: The Tax Foundation

#7 Maine

Democrat top marginal effective tax rate: 48.16%

Republican top marginal effective tax rate: 42.66%

Source: The Tax Foundation

#6 New Jersey

Democrat top marginal effective tax rate: 48.33%

Republican top marginal effective tax rate: 43.02%

Source: The Tax Foundation

#5 New York

Democrat top marginal effective tax rate: 48.44%

Republican top marginal effective tax rate: 42.96%

Source: The Tax Foundation

#4 Maryland

Democrat top marginal effective tax rate: 48.60%

Republican top marginal effective tax rate: 43.13%

Source: The Tax Foundation

#3 Vermont

Democrat top marginal effective tax rate: 48.77%

Republican top marginal effective tax rate: 43.30%

Source: The Tax Foundation

#2 California

Democrat top marginal effective tax rate: 49.37%

Republican top marginal effective tax rate: 44.14%

Source: The Tax Foundation

#1 Hawaii

Democrat top marginal effective tax rate: 49.69%

Republican top marginal effective tax rate: 44.26%

Source: The Tax Foundation

The Real #1: New York City

Democrat top marginal effective tax rate: 50.68%

Republican top marginal effective tax rate: 45.30%

Source: The Tax Foundation

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