Originally Posted by Loneiguana
I posted a that I believe the top earners should pay more then their current tax rate. I' and others have pointed out from articles that we have had a higher top rate tax in the past, which also happen to be times when the economy did well. I support raising top tax rates closer to previous levels.
No where did I mention that I support 100 percent income tax.
This argument is not one extreme or the other. You construct straw man arguments by jumping to an extreme that no one has supported. I agree, there is obviously a limit to how much they can pay.
Hey, great thing our tax system is progressive then, right? Your first twenty thousand is taxed just the same as mine. Your first fifty thousand is taxed just the same as Trumps.
In the progressive tax system everyone is taxed basically same amount for the first couple hundred thousand. (not counting everything that affects an individuality tax code).
That is a fairly strong non-limit.
Are you also in favor of recreating the tax shelters from those historical high rate tax codes?