Preferred Individual Top Income Tax Rate (user search)
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  Preferred Individual Top Income Tax Rate (search mode)
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Poll
Question: What would be your preferred top income tax rate?
#1
90%
 
#2
80%
 
#3
70%
 
#4
60%
 
#5
50%
 
#6
40%
 
#7
30%
 
#8
20%
 
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Partisan results

Total Voters: 48

Author Topic: Preferred Individual Top Income Tax Rate  (Read 5908 times)
Hatman 🍁
EarlAW
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« on: July 09, 2012, 09:42:01 AM »

How much does the highest salaried person make? Whatever % would leave that person with 200k/year sounds good. No one needs more than that amount.
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Hatman 🍁
EarlAW
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Posts: 25,998
Canada


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« Reply #1 on: July 09, 2012, 08:53:12 PM »

How much does the highest salaried person make? Whatever % would leave that person with 200k/year sounds good. No one needs more than that amount.

So you want a marginal tax rate of 100% for income in excess of 200K per year?

I guess that's one way of looking at it. But, I would only say approaching 100%, but never at. Cheesy
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Hatman 🍁
EarlAW
Atlas Star
*****
Posts: 25,998
Canada


WWW
« Reply #2 on: July 11, 2012, 08:00:56 AM »

How much does the highest salaried person make? Whatever % would leave that person with 200k/year sounds good. No one needs more than that amount.

So you want a marginal tax rate of 100% for income in excess of 200K per year?

Sounds like the Occupy plan. A hard cap on income from all sources is needed mathematically to achieve the wealth disparity reduction they espouse.

It would be a great way to turbocharge the barter system. Tongue

On a side note, when Ingmar Bergman realized that his marginal tax rate in Sweden was 101%, he emigrated. Smiley

He was actually arrested by the police in the middle of a rehearsal at the theatre. Then he left the country in protest. Astrid Lindgren, author of Pippi Longstocking and other children stories, wrote a story about the 100%+ tax rates she was paying, which is often credited with contributing to the centre-right finally winning in 1976.

I don't fully understand why people think equality is so important that it is preferable to make everyone poorer just to achieve it.

Everyone wouldn't get poorer, just the rich. And I don't see the problem there.
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