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ErikJ

(6,335 posts)

11. The problem is 90% of Americans dont know what MARGINAL TAX RATE means.

Reply to Report1212 (Original post)

Wed Dec 12, 2012, 06:45 PM

Dec 2012

They hear 70% tax rate and they think the WHOLE amount is taxed at that rate. It means just the portion over a set amount usually any amount over 2 or 3 million. This helps them think twice about paying their CEO's 400 times more than the average worker! It keeps money in the company for growth and sharing wages/salaries equitably.

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17 replies

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Highlight:

Ed Schultz: Democrats Should Make The Rich Pay Higher Than Clinton Tax Rates [View all] Report1212 Dec 2012 OP

Ed for president. aandegoons Dec 2012 #1

agree much higher............. kooljerk666 Dec 2012 #2

70% should be the top rate Angry Dragon Dec 2012 #3

And if the rich have any problems with it......there's always Belize thelordofhell Dec 2012 #4

No GermanSmoker Dec 2012 #5

What he said was. aandegoons Dec 2012 #7

no, not at all. unblock Dec 2012 #8

Take deritive trading back to pre 90s laws then, the whole world wide food issue is disgusting uponit7771 Dec 2012 #9

Absolutely. Much higher would be appropriate. bowens43 Dec 2012 #6

They should be paying the same rates as they did when EISENHOWER RoccoR5955 Dec 2012 #10

The problem is 90% of Americans dont know what MARGINAL TAX RATE means. ErikJ Dec 2012 #11

Even worse, most don't understand that reducing taxes on $250k and below ... TahitiNut Dec 2012 #17

Give It To Them Straight Big Ed Brazen67 Dec 2012 #12

Welcome to DU and I hope you enjoy the site. hrmjustin Dec 2012 #14

Thank You, Big Eddie! bvar22 Dec 2012 #13

The simplest motto is this: Blanks Dec 2012 #15

You mean a "You want your America Back?" campaign? bvar22 Dec 2012 #16