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.
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.
(This is the rate paid by people in
the top income bracket; lower earners pay less.)
(This is the rate paid by people in
the top income bracket; lower earners pay less.)