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Consider the following tax brackets in the US.

Lower tax bracketUpper tax bracketTax rate (%)
02499912
250004999917
500007499922
75000or higher27

Given this data, what type of taxes do they have in the US?

 

Hint


Consider the following tax brackets in Mexico.

Lower tax bracketUpper tax bracketTax rate (%)
02499929
250004999924
500007499919
75000or higher14

Suppose that a person earns $94001.

Given this data, what is this pearson's marginal tax rate?

 

Hint