Question. What do you think the maximum tax rate ( all in /as a percentage of income -Fed- State local should be ? Even for 10 M per year?https://twitter.com/rsbe/status/897454414960762880 …
Average or Marginal? I think up to 50% average is very fair, which implies higher for marginal. Assumes public education, health, safety
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In the US, with no public healthcare and weak public education, I think a lower rate is more fair TBH. Private costs are regressive tax.
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for small business owners-50% marginal rate kill new hiring because of cash flow issues.
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50% marginal implies much lower average. Tax policy can/shld be used to incentivize behaviour. Bus. tax more complex, but shld be lower.
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Who's in power? If Dems give us single-payer, public ed, infrastruct etc we shld pay more. If GOP wants $ for 1%, illegal wars...much less.
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Couldn't agree more. Ps I'm Canadian.
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