4 ms·
70% tax rate above $10M makes a lot of sense.
by redwood 8y ago
70% tax rate above $10M makes a lot of sense.
- cazum 8y agoThe marginal tax rate might help the American poor, but for the rest of the world, where the majority of poor people are, this, on its own, isn't really going to do much good.
- redwood 8y agoIt lowers the incentive to develop such wildly unequal compensation packages
- Cthulhu_ 8y agoIt does, but at that price point you can start paying lobbyists and politicians to help make sure it doesn't happen. Likewise, at that point you can have your money stashed in a tax haven or other financial constructions to make sure you don't have to pay taxes, even if there was such a tax rate.