You are elected POTUS. What is your income tax plan? (user search)
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  You are elected POTUS. What is your income tax plan? (search mode)
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Author Topic: You are elected POTUS. What is your income tax plan?  (Read 2390 times)
bedstuy
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« on: November 28, 2013, 01:10:24 PM »
Quote from: Assemblyman DC on November 28, 2013, 10:07:31 AM
Hagrid, I think those are marginal tax rates.

As marginal tax rates, those still make zero sense.  At some point of increasing the marginal tax rate, the revenue is going to be lower than the additional dead-weight loss. 

I know you all hate rich folks, but having a 70% tax rate is just cutting off your nose to spite your face.  The total effective tax rate should never be greater than the revenue maximizing point. 
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