"My point was that 63% is still very bad, and if it’s supposed to be an improvement, then the existing system is abysmal from an incentive perspective." This i

"My point was that 63% is still very bad, and if it’s supposed to be an improvement, then the existing system is abysmal from an incentive perspective." This is fascinating. There is an entirely separate debate about tax rates and incentives for high income tax payers wherein it is suggested that marginal income tax rates almost identical to the 63% you are speaking of are fair, equitable, common-sensible and could not possibly deter earners from pursuing extra marginal dollars. I have no comment to make about either debate. I simply find it fascinating that an exactly opposite conclusion is made depending on the subject involved ...