akuma587 said:
I'm impressed! You actually brought in data, and pretty solid data at that! Following some of the links you gave and some of my own, it appears that one of the related problems to this is the ability of people in higher income brackets to funnel their income, underreport it, etc., because of the mess that is our tax code. So I will actually agree that UNDER THE CURRENT TAX SYSTEM (which can be cleaned up) that raising taxes on the rich is often counterproductive. So for any tax raises to be effective, we also need to clean up the tax code and close a lot of the loopholes. But as of now the ideal tax rate for the rich is probably close to where it is now, maybe even a little lower. But once you start dropping below 30% you are probably losing revenue.
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I agree. In 1965 the tax rate for the rich was 91%. When Carter was in office it was 70%. Now we will have a democratic run Washington. Never has that been the case and the tax rate for the rich not been over 63%.
I don't suggest we lower the tax rate bellow 30%, but I also don't want it to be 60% plus. History tells us it will be.
EDIT: I found it interesting that the top 50% of people who file taxes pay 98% of all the taxes. So, when you take from the rich, you are only helping out the less rich. The poor don't really pay taxes now anyway.