A majority of private companies — known as Canadian - controlled private corporations (CCPCs)-- are created by people in top income brackets to hold a private business. (theglobeandmail.com)
If you are in the top income bracket and convert a retirement account to a Roth IRA while you are a resident of the Golden State, you'll be forced to pay 13 percent. (cnbc.com)
(This is the rate paid by people in the top income bracket; lower earners pay less.) (smartasset.com)