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

ye ik

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

logic

?