2 ms·

So what's the problem with taxing them for egregiously more but ineffectively? What if we kept the current effectiveness but imposed, say, a 120% rate on the ul

So what's the problem with taxing them for egregiously more but ineffectively? What if we kept the current effectiveness but imposed, say, a 120% rate on the ultra-wealthy? Maybe they would end up needing to pay 40% of this but at least it would be a lot better than we are doing now.

whatshisface 7y ago
Let's say you started out with a 3% effective tax and a 30% ineffective tax. Would adding that 120% be effective or ineffective? If effective it would break their backs, and if ineffective it would kill whatever small businesses couldn't employ the dodge.