Message from @Leo (BillNyeLand)
Discord ID: 535175703226875925
35% top marginal rate in the 2000s
Look at the 80s when the top was 28%
That’s 15pp below
but it's not 50%
in the 80s when it was 28%, the marginal rate was close to the effective
It seems to be the same for lower taxes
The top marginal rate was 70% until early 80s then 50% until mid 80s, I believe
So if anything raising tax rates now would *decrease* revenue as the highest rate is 37% now
it was 29%
28%
yeah 28
Was only below 30% top marginal for a few years in the end of Reagan’s term
these are in very grouped numbers
Yes, infrequent data points
yeah Pretty sure thats wrong
Why
Pretty sure around 86 it was 28%
or 85
but if anything raising tax rates now would *decrease* revenue as the highest rate is 37% now, with a 70% that would probably go below 37%
What do you mean
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