What percentage should the rich pay in taxes?

[RR1997]

You guys have to remember that if we taxed the rich at 100% (those making over $1MM a year), the take would only be $616 billion, which is no where near enough to fund anything like universal healthcare, etc.

What should the top income bracket tax rate be? It's currently at 40%.

35% sounds about right.

[Virginiá]

35% - 40% for bottom of 1%, with extra brackets for very wealthy people, up to 55%, give or take. I'd also have to insist on a Buffet rule as well, so that no matter what, a certain percentage is always paid when all is said and done.

I think we need to have far less ultra-rich people in this country. Things have only gotten worse since the major tax cuts decades ago and lots of that newfound money is being used to undermine our government and the wishes of the people.

So before anyone says "but muh freedom" and so forth, know that I don't really care.

[Intell]

90% for those making over 1 million.

[Orthogonian Society Treasurer]

25%

90% for those making over 1 million.

lol

[Boston Bread]

Around 50-60% for those over 1M

[RR1997]

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.

[Maxwell]

Top income rate of 50%, but with a significantly reduced corporate tax rate with two brackets - 15% and 25%.

[DavidB.]

25%-30%.

[Classic Conservative]

10% Flat Income Tax for All

[🦀🎂🦀🎂]

100 percent would be ideal

[Intell]

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.

[Oldiesfreak1854]

20 percent.

[Former Senator Haslam2020]

15%

[Enduro]

The same percent everyone else pays.

[OSR stands with Israel]

30% but without any loopholes though

[Higgs]

20-25%

[Sir Mohamed]

Those who make (individuals)..

over a million: 50%
over 500.000: 45%
over 250.000: 40%
over 150.000: 33%
over 100.000: 30%

the rest around 20%

less than 25.000: no income taxes

[🦀🎂🦀🎂]

You guys have to remember that if we taxed the rich at 100% (those making over $1MM a year), the take would only be $616 billion, which is no where near enough to fund anything like universal healthcare, etc.

Ah yes, but a 100% tax is not supposed to be a revenue raiser; but like a carbon or tobacco tax - a way to discourage an undesirable activity.

[RINO Tom]

You guys have to remember that if we taxed the rich at 100% (those making over $1MM a year), the take would only be $616 billion, which is no where near enough to fund anything like universal healthcare, etc.

Ah yes, but a 100% tax is not supposed to be a revenue raiser; but like a carbon or tobacco tax - a way to discourage an undesirable activity.

... You think it will discourage people from going after and/or accepting a higher salary?

[Torie]

Is this total tax burden, or just the federal income tax burden?  Putting aside the rate structure, as a general rule, I would prefer that the total tax burden of anyone not exceed 50% of their income.

[Oswald Acted Alone, You Kook]

90% for those making over 1billion.

Fixed.

[🦀🎂🦀🎂]

You guys have to remember that if we taxed the rich at 100% (those making over $1MM a year), the take would only be $616 billion, which is no where near enough to fund anything like universal healthcare, etc.

Ah yes, but a 100% tax is not supposed to be a revenue raiser; but like a carbon or tobacco tax - a way to discourage an undesirable activity.

... You think it will discourage people from going after and/or accepting a higher salary?

Corporations are currently engaged in an arms race, giving executives a huge amount of cash because everyone other company is doing. That means a) companies became more top heavy and less efficient and b) the public sector can no longer compete for talent (unless it follows suit and awards ridiculous salaries for its top brass as well, which nobody wants).

[100% pro-life no matter what]

Income tax should be abolished.

Failing that, a flat tax of $1,000 per employed person.

[🦀🎂🦀🎂]

Income tax should be abolished.

Failing that, a flat tax of $1,000 per employed person.

Wait a flat fee Good incentive to never get a job or only hire off books, i guess

[Grand Wizard Lizard of the Klan]

Kind of progressive tax would be probably the best:

-30-35% until some yearly income
-over that threshold 40% taxed only on that what is over that threshold


At least in Poland personal income tax is not important in terms of state budget revenues, it is much less important compared with VAT or excise so I don't really think that harsh PIT on rich people would be that beneficial for government spending plans or any redistribution of income. It is better to diminish losses on VAT or CIT loopholes.