Message from @Colonel Sanders™
Discord ID: 535197627038302218
You’re comparing effective and marginal rates again?
The top *marginal* rate is 37% now. The proposal is to raise the top *marginal* rate to 70%.
yes and thats the effective paid basically, around the same area
a 70% rate would drop it down below
Top Effective rate has been around 1/2 to 2/3 of top marginal rate
For the past 50ish years
Gtg
pce
remove abatements and lower taxes
just make it fookin simple 🗿
>America revolts because of retarded taxes
>implements retarded taxes
i don't think anyone in here is anywhere near the top bracket @Colonel Sanders™ lol
obviously im not talking about us?
yes which is weird
why r u talking about other people's money
what
so if there's no one in here whos in the top bracket, and you're not talking about us, then you must be talking about the people in the first bracket
so why do you care what happens to the people in the top bracket who are way too smart for the system
i cant have a lengthy discussion cuz if i abandon this match i get a 7d
lol i was just asking for a reason out of curiosity
after game i shall indulge
```It had no positive impacts and will just deter foreign investment
And wealth will leave the country due to tax avoidance schemes
no point of it then```
yes
Of course
theres nothing tax rates do
when they;re increased
Apart from slow things down
and steal
The positive impact is that it will reduce the deficit massively along with allowing us to invest in programs that help Americans
No they won't
increasing tax rates don't increase revenue all the time
As long as it remains competitive with other countries, you don't have to worry about them moving to other countries
infact it can cause revenue to decrease
But they don't remain competitive, nobody has a 70% tax rate
Yeah, if it's like a 95% effective rate
no
it's why this exists
If the effective rate is similar to other developed country, you don't have to worry about a loss in revenue
so you want a 70% tax rate even though you'll tax the rich less