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20% is a third higher than 15% - that’s a pretty wide margin that actual taxes can swing. 70% marginal rate on a new higher top margin of only one kind of tax
by itsdrewmiller 8y ago
20% is a third higher than 15% - that’s a pretty wide margin that actual taxes can swing. 70% marginal rate on a new higher top margin of only one kind of tax (income) obviously would not increase overall tax revenue by a tremendous amount. But even if it ends up having a minimal overall effect, it could still represent a significant shift in the distribution of taxes.