Quote:
Originally Posted by rubecube
I mean this is a pretty silly take. Someone having say 50% of their income over say $1M isn't going to have any troubles providing a high-standard of living for themselves or their family. Someone being taxed 50% of their income over $50k clearly is.
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No one is paying 50% tax while making 50k and the person making $1M is already paying way more tax.
Should we tax them at 95% so the takehome of both people is the same?
What exactly are you suggesting? At what tax rate have they paid their fair share?