Quote:
Originally Posted by whell
Just feeding my need to be devils advocate here:
Let's just tax anyone making over $250K at 100%.
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Well, I know you're playing devil's advocate, but no one said anything like that. I've defended, for instance, Reagan dropping the top tax rate from 70 to 50%. At that time, 50% top bracket was considered an historic move down. I'm not buying this 46% rate you speak of, but what if that were the case? It's still lower than the rate Reagan initially dropped it to.
It's not an all or nothing deal. It's kind of silly to say that anything above 30% might as well be 100%.
If this 46% number is legit, I'd like to see some documentation. I might could think that was high. Not sure. But I don't believe it unless I see it. I haven't heard anything close to that.
Take care,
Ed