3 ms·

Probably. Which is why they pay more (in money terms, but not always in percentage points).

• logfromblammo 9y ago
  The idea that rich people don't like to pay excessively high taxes, and will avoid doing so if they are able, is not a particularly compelling argument against progressive taxation. I am not proposing that any nation institute a 50% marginal tax rate. I am just saying that I believe that any nation that tries to go higher than that is guaranteed to have tax avoidance schemes that ensure no one ever actually pays that much, whether those schemes are visible to the taxing authority or not. Some people will jump through a maze of hoops just to avoid a 0.1% tax. What I'm saying is that nobody would rationally submit to a scheme wherein they do all the work and someone else reaps the majority of the benefits from it. It goes beyond the limits of the human sense of fairness. A 102% marginal tax rate is so far beyond that, I cannot even imagine circumstances that might lead to anyone actually paying it.