3 ms·
Where to start 1) "Better luck" doesn't begin to describe making $500k/year. That's just extraordinarily wealthy and well into the top 1% in the US. It is even
by throwaway5752 7y ago
Where to start
1) "Better luck" doesn't begin to describe making $500k/year. That's just extraordinarily wealthy and well into the top 1% in the US. It is even well into the top 10% in Manhattan and San Francisco.
2.) The last recession was over a decade ago.
3.) If 57% marginal rate is "shot in the kneecaps" in someone's mind, then there is a real problem of perspective.
4.) Decreasing wealth inequality levels the playing field for people not born into extraordinary wealth (see William Singer)
- awinder 7y agoit's 57% _on the amount made over 500K/1M/whatever_ to boot, so you're really talking about nominal taxation effects until you're like 4x whatever the income limit is on this mythical "new top bracket"