Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 535177497436880896
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
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