P(top rate equals or exceeds 38 percent) = .87
P(top rate equals or exceeds 40 percent) = .33
P(top rate equals or exceeds 42 percent) = .18
Notice that there is a one in three chance the rate will exceed the level that prevailed under President Clinton.
Thursday, March 13, 2008
Betting on future tax rates is now available at Intrade. It isn't a pretty picture (HT Mankiw):
Posted by Boomer at 7:39 PM