"surely no government would ever enact such a scheme" The UK actually had a 105% tax bracket back in the middle of the 20th century. Governments implement no

"surely no government would ever enact such a scheme" The UK actually had a 105% tax bracket back in the middle of the 20th century. Governments implement no end of stupid ideas. I suppose there are marginal cases where your deductions at $250,001 are smaller than at $249,999, but I suspect the number needing drastic action are very few. That's why those better off than us hire accountants: to hide money under different rocks from last year.