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In reply to the discussion: How much money should the government take for income over 100K, 250K, and one million? [View all]JaneyVee
(19,877 posts)6. The top tax rate is currently 35% for those whose income are $388,351+,
that number should come down to $250,000 at 35%, it would only be a 2% tax increase for those making $250,000. Then the tax rate should progressively get higher from there, eventually going to around 50% starting at $1Million, 60% for $10Million+. And if we're incredibly serious about deficit reduction than possibly higher for ridiculous sums of money. It would help lessen the wealth gap while ensuring investments in infrastructure, nation-building, and paying down deficits.
Edit to add: All other tax rates below $250k remain the same.
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How much money should the government take for income over 100K, 250K, and one million? [View all]
BrentWil
Dec 2012
OP
rather than focus on specific rates - the tax system should reward productive labor intenseive
Douglas Carpenter
Dec 2012
#8
This is exactly the distraction this "debate" intends. Yes, the people that have reaped the
Egalitarian Thug
Dec 2012
#21