What percentage should the rich pay in taxes? (user search)
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  What percentage should the rich pay in taxes? (search mode)
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Author Topic: What percentage should the rich pay in taxes?  (Read 1633 times)
Intell
Junior Chimp
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« on: January 24, 2016, 06:43:00 PM »
90% for those making over 1 million.
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Intell
Junior Chimp
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Posts: 6,812
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Political Matrix
E: -6.71, S: -1.24
« Reply #1 on: January 24, 2016, 07:00:16 PM »
Quote from: RR1997 on January 24, 2016, 06:49:32 PM
Quote from: Intell on January 24, 2016, 06:43:00 PM
90% for those making over 1 million.
Are you talking 90% marginal tax rate or a 90% tax rate?

I don't understand the point of taxing the rich that much. As I pointed out, even taxing the rich at 100% doesn't raise that much money. The rich simply don't have as much money as many believe they do. Not only would a 90% tax rate be devastating for the economy, not much could be done with the raised money.

Marginal tax rate.
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