What should the highest income tax bracket rate be? (user search)
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  What should the highest income tax bracket rate be? (search mode)
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Poll
Question: Regarding an income tax, I think it should be:
#1
a progressive system with rates between 1% and 25%
 
#2
a progressive system with rates between 1% and 50%
 
#3
a progressive system with rates between 1% and 75%
 
#4
a progressive system with rates between 1% and 100%
 
#5
a flat system with a rate between 1% and 25%
 
#6
a flat system with a rate between 26% and 50%
 
#7
a flat system with a rate between 51% and 75%
 
#8
a flat system with a rate between 76% and 100%
 
#9
there should be no income tax
 
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Partisan results

Total Voters: 67

Author Topic: What should the highest income tax bracket rate be?  (Read 6639 times)
All Along The Watchtower
Progressive Realist
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Posts: 15,511
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« on: October 16, 2011, 05:45:25 PM »

Besides, if you put this sort of thing to an explicit vote, as mentioned above, I suspect we will see that most people want a low tax society, and therefore lower government spending than currently.

Only in the US, where people have been brainwashed by the anti-State propaganda for decades.

Also, LOL at the idea that "low taxes=low government spending." Have some of us learned nothing from Reagan and GW Bush?
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All Along The Watchtower
Progressive Realist
Atlas Icon
*****
Posts: 15,511
United States


« Reply #1 on: October 25, 2011, 06:02:11 PM »

I think economic research tends to point to rates above 50% or so being rather pointless, in the sense that they actually lose the government revenue. The only real point of them is to make people feel better.

Actually no, the point to high marginal rates is neither raising revenue or 'making people feel better', it is to try to reduce the power of the elite.


lol. It isn't, because it doesn't. The traditional elites were a lot more powerful back in those days than they are now - largely because they have the resources to game a complicated tax code.

The current tax code is incredibly complicated and full of loopholes.
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