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Not even caring about the specific number:
The bottom half of r tax system is reasonably progressive, so why not the top?
Federal Tax Rates 2024 Tax Rate | For Single Filers
Plus state/local taxes on top of that.
Ok, fine, there’s a step or two in the ”wealthy” category, but my point holds.
Plus state taxes usually have few to no brackets, and I’ve only heard of one having a millionaires tax
I wasn’t disputing your point—just throwing in a little extra info since I literally had that table open in a different tab (it’s April in America). I honestly doubt changing those rates would impact things much though. I think we need an asset tax (like the one that exists in most states for houses and that we call property tax) that impacts stocks. Probably a massive change in estate taxes too.
Thanks for adding the info.
The step function goes up every 50 bucks, as I recall.