Steve SchmidtVerified account

90%

40% I remember when it was 90%

This can't be answered in 140. But, maximum for uber rich? 50% all in, not including sales taxes. B/c much of that 10mil will be sheltered

Whatever' s needed to fund the gov't ppl say they want, as long as the pain of taxation is distributed fairly. Taxes are about pain-sharing.

@SteveSchmidtSES Maybe we could do tax reform that gives a larger exemption and rates of 15,25,35, with surtax on major wealth over 5 or10m?

Honest Question: is max all in tax percentage really fair considering states, cities and countries have different degrees of service levels?

Corp rate cut to 25%, double Obamacare tax on cap gains over $250k, bump marginal rates 2% over $150k, but I'm a lefty

I think we should start by taxing capital gains as normal income, maybe after 1st 10k, and then decide what to do about tax brackets.