Principles of Corporate Finance

Taxes and Dividend Policy

1998 Marginal Income Tax Brackets

Income Bracket

Marginal Tax Rate Single Married (joint return)
15% $0 - $25,350 $0 - $42,350
28 25,351 - 61,400 42,351 - 102,300
31 61,401 - 128,100 102,301 - 155,950
36 128,101 - 278,450 155,951 - 278,450
39.6 over 278,450 over 278,450