If tax brackets were sensibly set, with a >90% rate for the top bracket, these people would still be very wealthy but the amount given to tax would be almost all of their wealth, since the highest tax bracket would kick in just a few pixels into the giant boxes on that diagram. And there would be nothing wrong with that.
If tax brackets were sensibly set, with a >90% rate for the top bracket, these people would still be very wealthy but the amount given to tax would be almost all of their wealth, since the highest tax bracket would kick in just a few pixels into the giant boxes on that diagram. And there would be nothing wrong with that.
Right. If they were sensible. But I’m OK with taking it one step at a time and ease into it so it doesn’t immediately get shut down.