And AOC herself said she knew 70% marginal wasn’t 70% effective

And intended the former and not the latter

where

Nobody says "effective tax"

they want to tax the rich 70%

but herself and bernie do not understand marginal tax rates doesn't mean the tax is paid at that rate

Where does it say

effective

“That doesn’t mean all $10M are taxed at an extremely high rate”

Only the money after the first $10M

the phrase after is important

Yes

she makes no distinction between effective or not

She shows she understands the different though

*difference

Not all the $10M is taxed at 70%. That was never the plan, and AOC understand that

She doesn't

she just says a progressive tax rate

after 10 million

Which doesn't distinct effective tax rate

because the highest tax rate was 45% effectively

there was no "progression"

I highlighted it for you

Yeah she outlines a progressive system after that

Not all $10M is taxed at 70%, which is what separates a marginal rate from an effective rate

Yes

which is not the case

A progressive marginal rate

because there is no progression

There is

she doesn't understand the effective tax rate

Even if you only pay 40% effective rate on a 70% marginal rate, that’s still more than the 15% effective or marginal people at the bottom pay

We don't know the effective of rich people now

most likely more of their money is taxed so the effective rate is closer to the marginal rate

Here’s a graph

marginal?

Top marginal rate of 39.6% in 2010

That’s an effective graph

*Effective rate graph

Seems close