30%. If you reduce tax expenditures, this could bring in more revenue than currently even though the rate is lower.
That has never and will never happen. It's just an untruth at this point. A novel concept that has been proven time and again to be inaccurate.
I dunno. The Simpson-Bowles Commission suggested an even lower rate. There are plenty of generous deductions and credits out there that go to high income earners. There's just not the political will to reform them.
No, no, nevermind. I was thinking of something else.
Yeah, I can see how my terminology could be misunderstood. Lowering the top individual income tax rate by itself from where it is now isn't going to increase revenue (though a case might be made for the corporate rate, but even that is far from certain).