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%		1 (1.5%)
#2 a progressive system with rates between 1% and 50%		23 (34.3%)
#3 a progressive system with rates between 1% and 75%		13 (19.4%)
#4 a progressive system with rates between 1% and 100%		10 (14.9%)
#5 a flat system with a rate between 1% and 25%		9 (13.4%)
#6 a flat system with a rate between 26% and 50%		1 (1.5%)
#7 a flat system with a rate between 51% and 75%		0 (0%)
#8 a flat system with a rate between 76% and 100%		1 (1.5%)
#9 there should be no income tax		9 (13.4%)

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Partisan results

Total Voters: 67

Author

Topic: What should the highest income tax bracket rate be? (Read 6659 times)

courts
Ghost_white
Junior Chimp

Posts: 6,469

Re: What should the highest income tax bracket rate be?

« on: September 22, 2011, 10:40:13 AM »

Ideally none, except for great philanthropists like Warren Buffet, Charlie Munger, Jamie Dimon, George Soros, etc. I think we should have a 100% wealth tax on them.

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courts
Ghost_white
Junior Chimp

Posts: 6,469

Re: What should the highest income tax bracket rate be?

« Reply #1 on: September 29, 2011, 03:15:49 PM »

Quote from: phk on September 29, 2011, 03:06:36 PM

You get big deadweight loss problems with tax rates north of 40%.

It's better to have a lot of smaller taxes. VAT, Sales, SS, Income, Sin, etc than to have a single high tax.

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