So shouldn’t 70% be even less of a problem

Nobidy denied that

(70% marginal)

What do you mean a problem

I'm just saying theres never been a tax rate higher than 45%

Not an effective tax rate

But a marginal tax rate, yes

Marginal is irrelevant then

Because it's not really paid

or taken

(stole)

It is paid, just not on one’s entire income

And it’s still a greater rate than AOC’s 70%, which is in line with her statement that we’ve had tax rates as high and higher in the past than the ones she’s proposed

Not that I would want a high tax like that

No again

we haven't

It's never been as high as 90%

everyone has used tax avoidance schemes

Marginal rates have been that high

Not effective rates

which is important

or you're just looking at smoke and mirrors

Then we could say we’ll finance a, say, 40% effective rate with a 70% marginal rate on the rich

You didn't get it dude

they had marginal tax rate at 90% yes

but they were *never paid*

to the point the effective tax rate was 45%

thats what effective tax rate means

@BaneOfThots

I agree

ye thats what I'm saying

I’m saying that AOC’s proposed marginal rate of 70% is significantly less than historical marginal rates up to 94%

yeah

I'm just saying if it were raised to 74% it would harm toe economy

70%

But likely not to the degree that 94% marginal did, which was fairly minimal

0%

Nobody disagreed with that. Like literally nobody.

abolish the govt

Infact income tax should be abolished