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Testimony by Eric J. Labs, Senior Analyst for Naval Forces and Weapons, Before the Subcommittee on Seapower and Projection Forces Committee on Armed Services, U.S. House of Representatives
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In 2013, 37 percent of low- and moderate-income taxpayers who have earnings face total marginal tax rates between 30 percent and 39 percent, and over 20 percent of that group face marginal rates of 40 percent or more.